News
First Data plans to lay off 1,700 employees
November 19, 2007
Digital Transactions:Two months after the $29 billion buyout of First Data by private-equity firm Kohlberg Kravis Roberts & Co., First Data is cutting 6 percent of its workforce - about 1,700 employees. The company's headcount at year-end, however, is expected to maintain its year-ago level of approximately 29,000 employees. A spokesperson said First Data would consolidate a number of smaller sites it inherited through acquisitions.
OtherTransaction ProcessingEFT NetworksBanking Executive SummaryNorth AmericaPublic CompaniesBank / Credit Union
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
