Following a strategic review, Australian fintech firm Iress announced a management restructure and a 10 per cent reduction in its workforce in April 2023. The job cuts are part of a plan to refocus on core software offerings in financial advice, trading, and market data. The company aims to reinvest in its technology, enhance connectivity in wealth and trading platforms, and explore opportunities in AI and data analytics. This restructuring is intended to bring the company closer to its clients and drive higher accountability and performance across its operations.
