BILL cuts 30% of workforce and adds 1 billion buyback
BILL is cutting 30% of its workforce and authorized a $1 billion buyback. It reported a quarterly profit while facing pressure from activist investors.
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BILL HOLDINGS INC will cut 30% of its workforce to increase profitability, causing shares to jump 8% during extended trading. The United States software firm faces a 31% stock decline in 2026 amid pressure from activist investors. The restructuring comes as the company explores a potential sale to private equity.
