Airtasker CEO Tim Fung
ASX

Jobs marketplace Airtasker cuts staffing by 20%, shedding 45 jobs in push to turn cashflow around

- April 28, 2023 2 MIN READ

ASX-listed jobs marketplace Airtasker is the latest tech company to swing the scythe through its workforce, cutting 45 jobs – around 20% of its overall headcount – as part of a drive to become cashflow positive in the 2024 financial year. The redundancies are primarily in non-revenue generating functions the company (ASX: ART) said, releasing… Read more »

Xero, Steve Vamos
Other

Vamos says vamos as Xero losses grow

- November 11, 2022 2 MIN READ

ASX-listed accounting platform Xero has more than doubled its net loss on the previous year to the chagrin of investors who wiped more than $1 billion from the company’s valuation following the announcement and news that CEO Steve Vamos is stepping down after nearly five years at the helm. The New Zealand tech company’s half… Read more »

Topics

Atlassian just had another massive year with $2.2 billion in sales – but it’s still running at a loss

- July 31, 2020 3 MIN READ

Atlassian Corporation saw revenue in the June quarter jump by 29% on 12 months ago, while total revenue for FY2020 hit US$1.6 billion (A$2.2 bn), up 33% from 2019. The US-listed (Nasdaq: TEAM) Australian software giant posted total revenue was US$430.5 million for the fourth quarter of fiscal year 2020 alongside an operating loss of… Read more »