Nasdaq plans hundreds of job cuts
As it integrates software provider Adenza into its business.
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As it integrates software provider Adenza into its business.
(Bloomberg) -- Nasdaq Inc. is planning to cut hundreds of jobs as it integrates software provider Adenza into its business — an acquisition it closed last year amid efforts to propel a new phase of expansion at the firm.Most Read from BloombergMusk Risks Losing World’s Richest Title With Pay Deal VoidedMusk Says First Neuralink Patient Received Implant in BrainTech Giants Slide in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity Drive by Cutting 12,000 ManagersTraders Line
During Nasdaq’s earnings call, Adena Friedman explained to skeptical investors why the deal makes sense for the exchange operator.
Thoma Bravo is set to get a 14.9% stake in Nasdaq and a seat on the board as part of the deal.