(Photo by Justin Sullivan/Getty Images)
DENVER (DENVER BUSINESS JOURNAL) - First Data Corp. is cutting half of its workforce in metro Denver - about 550 jobs - as it relocates some business functions to other First Data locations, a company spokeswoman confirmed Thursday.
Some of the Atlanta-based company's Denver staff will be laid off, while others will be relocated to other First Data locations or get help through a "talent reassignment process," spokeswoman Nancy Etheredge said in an emailed statement. She didn't provide a breakdown of how many of the 550 workers will lose their jobs.
"As part of First Data's ongoing efforts to increase operating efficiency, reduce excess capacity and remain competitive in the fast-paced payments business, we are relocating several business functions based in Denver," Etheredge said. "We expect about half of our current Denver workforce of 1,100 employees to remain in Denver."
First Data, a global payments processor, moved its headquarters from Greenwood Village to Atlanta in 2009. Its local offices are just south of East Orchard Road on South Quebec Street in Greenwood Village.
"Employees not reassigned within First Data or relocated will be eligible to receive severance benefits," Etheredge said. "These changes are a necessary part of our evolution to a more client-focused and innovation-driven company."
Read the full story on the Denver Business Journal: http://bit.ly/1e4yx67.
(© 2013 American City Business Journals. All rights reserved.)