23 January 2018
visit www.ebaday.com

Internet banking supplier S1 scales back operations

03 November 2000  |  1790 views  |  0 Internet banking supplier S1 scales back operations

Internet banking solutions supplier S1 Corporation is cutting its worldwide workforce by seven per cent.

The cuts were announced by the US corporation in a brief statement, late yesterday.

"Through multiple acquisitions, S1 has increased its employee base dramatically in the past year," says James Mahan, CEO of S1. "Today's actions reflect further steps in the integration of these acquisitions into a more streamlined and efficient operation."

He adds that the company will continue to "sharpen its focus on its core business and strive toward long-term growth and profitability".

The financial implications of the cut backs will be addressed in the S1 quarterly earnings conference call on Tuesday, 7 November, 2000.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

S1 stakes out trade finance role with Level Next acquisition

S1 stakes out trade finance role with Level Next acquisition

25 September 2000  |  2414 views  |  0 comments
S1, Aether and Sila sign global m-commerce pact

S1, Aether and Sila sign global m-commerce pact

06 September 2000  |  3086 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9324 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9176 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8955 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8280 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6912 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job