When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares...
Cloud accounting platform Xero says it will shed 700 to 800 jobs - roughly 15 per cent of its workforce - a day after Australian software giant Atlassian said it would axe 500.Chief executive Sukhinder Singh Cassidy said on Thursday that while Xero had made strong progress executing its strategy, "we need to streamline and simplify our organisation.
Some of the losses seen by insiders who purchased NZ$666k worth of Xero Limited ( ASX:XRO ) shares over the past year...