Walnut Creek, California-based YapStone, a provider offering of cloud-based web and mobile payment processing to real estate and vacation rental companies, has announced the plan to lay off 66 employees between their Walnut Creek headquarters and Los Angeles, California office. Layoffs are scheduled to commence mid-October, 2019 and include three vice presidents, accountants, and software engineers.
A company spokesperson noted, “We have invested heavily over the past two years in a ground-up development project called Transact – our new end-to-end payments solution for marketplaces, the travel industry and other industries that demand a flexible and configurable system for complex payment flows. Transact was announced last October and is live. As we shift focus from development to growing and diversifying our business, the adjustments in our staffing aligns resources against our go-forward strategy and requirements, and better reflects synergies in our operations and support functions due to automation and our expanding global presence.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?