小蓝视频色情网页版

Payment processing company plans to lay off 66 employees in California, the company notified the state in a letter sent last month.

Employees who will be laid off range from accountants to software engineers to three vice presidents, according to a notice filed with California鈥檚 Employment Development Department.

Half of the layoffs will be at the company鈥檚 headquarters in Walnut Creek, and the other half will be in Los Angeles.

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YapStone processes payments for rental and vacation rental companies like and .

The layoffs are 鈥渄ue to the company鈥檚 decision to streamline its operations鈥� and will be effective on October 14, YapStone鈥檚 general counsel David Durant wrote in the letter.

In a statement provided by YapStone to 小蓝视频色情网页版 News, the company said:

鈥淲e have invested heavily over the past two years in a ground-up development project called Transact 鈥� 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.聽 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.鈥�

YapStone has in total funding, according to 小蓝视频色情网页版 data, with its most recent round a $71 million Series C in February 2018. The company was founded in 1999 and raised its $2 million Series A in April 2000. The company鈥檚 investors include and .

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