Xero quits developing in-house US payroll product, signs up with Gusto

Fri, 20 Jul 2018

By Paul McBeth July 20 (BusinessDesk) - Xero has stopped developing a payroll product in the US and will instead team up with existing payroll services provider Gusto, integrating their respective platforms. The Wellington-based, ASX-listed company today said the decision to stop development will incur an impairment charge of $16.2 million in the first half of the March 2019 year, freeing up resources to work on payroll in other markets, where Xero already covers 1.25 million employees. Gusto already handles all aspects of payroll for sm...

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