ShiftPixy Inc. (NASDAQ: PIXY) terminated the employment of CFO Douglas Beck and Chief Operating Officer Amanda Murphy effective March 6. The moves were announced in a March 11 filing with the US Securities and Exchange Commission.

ShiftPixy also announced that it appointed Patrice Launay as its new CFO effective March 7. Launay previously served as ShiftPixy’s CFO from January 2018 to January 2019.

Launay served as a financial consultant for midsize and large publicly traded firms while away from ShiftPixy. Prior to joining the company, Launay’s experience includes serving as an audit manager for BDO Australia, audit manager for the city of Long Beach, California’s Auditor’s Office and as financial controller for French food and chemical nutrient production company Groupe Roullier. He also served as a senior auditor at PricewaterhouseCoopers in France and in Los Angeles.

ShiftPixy is based in Miami. It operates a staffing division called ShiftPixy Staffing Inc. and offers employment administrative services through another division. Its primary focus is on the restaurant and hospitality industries.

The organization had revenue of $17.1 million in its fiscal year ended Aug. 31, 2023.

Recently, ShiftPixy also reported in a regulatory filing that it had received notice from Nasdaq that it was no longer in compliance with a listing requirement that it maintain a market value of listed securities of $35 million. ShiftPixy has 180 days to regain compliance.