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PublishedJune 18, 2024
Wex is laying off 375 employees worldwide, including around 45 in Maine
A spokesperson for the global payment processing company based in Portland said the majority of the layoffs are coming from its Technology organization.
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PublishedApril 14, 2024
Impact of remote work still echoes in Portland’s office buildings
Though it has fared better than other metropolitan areas – the national office vacancy rate has hit record levels – the city, and its businesses, feel the pinch.
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PublishedApril 11, 2024
Wex sues HP for copyright infringement over its new software system
The federal lawsuit says that HP's 'Workforce Experience Platform' – or WEX – is a fleet management software tool that has similar features to what Wex provides.
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PublishedFebruary 8, 2024
Portland-based Wex reports strong growth in 2023
CEO Melissa Smith says the company is positioned to ride market cycles in part by investing in technology, including AI.
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PublishedJuly 27, 2023
Wex will invest $100 million in the future of electric vehicles
The strategy might seem like a shift for the Maine-based payment processing company, but it's long been involved in the EV industry.
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PublishedOctober 14, 2022
Wex laying off 150 employees worldwide as it prepares for ‘next phase of growth’
The Portland-based payment technology company said 30 of the job cuts are taking place in Maine.
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PublishedApril 1, 2022
Wex severs ties with Russian oil company Lukoil North America
The Portland firm had continued doing business with a subsidiary of Russian-based Lukoil after the invasion of Ukraine, but changed course on Friday.
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PublishedMarch 7, 2022
Wex and Idexx won’t say whether they’ll suspend doing business in Russia
The Maine-based companies will say only that they will abide by the sanctions imposed by the U.S. and Europe because of the invasion of Ukraine.
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PublishedOctober 12, 2021
Outgoing Portland police chief will take over as security director at Wex
Chief Frank Clark has accepted a position as director of global security at Wex and will start later this year, the company said Tuesday.
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PublishedFebruary 24, 2021
Portland’s Wex reports virus-related financial woes in 2020
Wex, one of Maine's largest tech firms, reported a drop in revenue and profits for the year, which it attributed largely to the coronavirus pandemic.
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