Synchrony announced organizational changes to facilitate growth strategy in 2021
In 2021, Synchrony released an announcement that stated that it was making changes in its organizational methods to integrate its resources with customer expectations while ensuring products are delivered to market faster. This move accelerates the company’s growth strategies with the diversification of product offerings and its digitally enabled financing and payments. In the announcement, the company specified the changes will include aligning the partner portfolios, establishing a growth organization to scale products and combining its technology and operations teams.
COVID|Balance Sheet|Structural|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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