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Stock impact report

90 Wells Fargo employees being laid off in Jacksonville [Yahoo! Finance]

Global Payments Inc. (GPN) 
Last global payments inc. earnings: 2/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.globalpaymentsinc.com
Company Research Source: Yahoo! Finance
The company says the layoffs are necessary due to their decision to disband the Global Payments and Liquidity business unit in the Strategy, Digital, and Innovation division located on Philip Highway. This embedded content is not available in your region. Formal notices were given to 89 affected employees on March 4th. An additional member was given their notice on February 4th. Read: Citizens Insurance committee recommends moving 1000+ employees out of Downtown, mayor holds out hope Wells Fargo says each employee has 60 days from the date of notice to make new arrangements, with the layoffs expected to be permanent. Severance pay will be offered based on years of service. STREAM ACTION NEWS JAX LIVE The following is an excerpt from the official notice to Jacksonville: “These business decisions are never easy. We are very thoughtful and deliberate in our approach, understanding the impact these decisions have on individuals at the company. Wells Fargo is committed to Show less Read more
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