Payments Canada, the public purpose organization responsible for owning and operating Canada’s payment systems, is undergoing a leadership transition. Tracey Black, the president and CEO, has decided not to renew her term, the organization said in a Wednesday (Feb. 7) press release. Black, who has been...
Worldline is planning to cut 8% of its workforce, part of a wave of financial sector layoffs. The French payments company is looking to reduce costs by around $215 million and “support stronger future growth and cash generation,” according to a Wednesday (Feb. 7) press...
Approximately 32,000 tech workers have lost their jobs so far in 2024. These layoffs come after a wave of job cuts made during 2023 in response to over-hiring during the pandemic, Bloomberg reported Monday (Feb. 5), citing data from Layoffs.fyi. However, the layoffs made in 2024 are smaller...
Snap has become the latest tech company to cut staff as it chases profitability. The Snapchat parent company announced in a Securities and Exchange Commission (SEC) filing Monday (Feb. 5) that it plans to lay off 10% of its full-time workforce. “In order to best position our business...
Healthcare technology firm Convey Health Solutions has named a new chief executive. Dan Finke, who most recently served as executive vice president of CVS Health and president of Aetna, was appointed Monday (Jan. 29) to head Florida-based Convey. He succeeds Stephen Farrell, who is leaving the company after more than a...
Jim Esposito, co-head of the global banking and markets division at Goldman Sachs, will retire from that role and become a senior director at the investment bank. Goldman Sachs CEO David Solomon announced Esposito’s decision Monday (Jan. 29) in a company memo seen by PYMNTS. “On a personal...
Salesforce is reportedly laying off 700 employees, or about 1% of its workforce. The cuts are being made across the company, The Wall Street Journal (WSJ) reported Friday (Jan. 26), citing an unnamed source. Salesforce did not immediately reply to PYMNTS’ request for comment. The...
JPMorgan Chase has made several changes to its leadership and organizational structure as it works to “position the firm for the future.” “The senior management changes and new alignments announced today will help the company serve clients even better as well as further develop the...
State Street Corp. has reportedly cut “a handful” of jobs as it reorganizes its digital assets division, State Street Digital. Most of the division’s employees have moved to other units of the company, Bloomberg Law reported Thursday (Jan. 18). State Street Digital had a staff of...
