US EditionnCino to layoff 7% of employees, buyback $100 million in stock
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nCino to layoff 7% of employees, buyback $100 million in stock
WILMINGTON — A Wilmington-based financial technology firm aims to increase efficiency by cutting more than 100 jobs, mostly in the U.S. Meanwhile, the company's board approved a program to repurchase $100 million of its own stock, a common financial strategy that has come under controversy for diverting funds from productive investment to benefit shareholders. READ MORE: nCino lays off 7% Source
·Wilmington, United States
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