BILL Holdings is cutting its workforce by up to 30%. This strategy aims to make the company leaner. The company also plans to leverage AI for increased efficiency. BILL Holdings faces headwinds from declining interest rates and SaaS sector pressures. Its stock has seen a roughly 20% decline year-to-date.
https://seekingalpha.com/article/4906834-bill-holdings-ramping-profitability-with-new-layoffs