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Payments vendor Bill plans to drop about 15 percent of its workforce, the company said this month. As of June 30, Bill employed 2,520 individuals.
The company also plans to close its Sydney Australia office. The actions will result in restructuring charges ranging from about $29 million to $35 million, most to be incurred during the quarter ending December 31.
In an announcement to employees that was published on the company’s website, CEO Rene Lacerte said the actions “position Bill to deliver improved profitability without relying on
Those impacted. will receive four months of pay and healthcare and 100 percent of their bonuses for the first half of Fiscal 2024.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Payments vendor Bill plans to drop about 15 percent of its workforce, the company said this month. As of June 30, Bill employed 2,520 individuals. 
