Xero adds deep global expertise, ends painful job cuts

Xero adds deep global expertise, ends painful job cuts
Xero boss Sukhinder Singh Cassidy said Xero will need to be smarter at getting subscribers to try new products. (Image: NZME)
Rebecca Stevenson
Xero has finished its deep, painful company-wide job cuts, chief executive Sukhinder Singh Cassidy says. The Australian securities exchange-listed company reported its result for the half year to Sept 30 on Thursday, confirming it had cut 14% of its workforce. Headcount at the Wellington-headquartered firm had fallen from 4,915 to 4,242, with redundancy costs totalling $31 million. The cuts were announced by Singh Cassidy in March. Xero announced revenue growth of 21%, a 90% increase in earnings before interest, taxes, depre...

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