The Clearing Corporation (C-Corp) laid off 20 people at the
end of September as part of its business realignment after the
purchase of technology firm OnExchange, FO Week has
C-Corp issued a statement in response to FO Week
questions regarding the downsizing stating that the move was
made as part of the integration of staff and technology with
OnExchange, which it purchased in August.
"In order to facilitate an efficient integration of our
technology suites, we have conducted an overall assessment of
hardware, software and resources," the statement said. "The
Clearing Corporation has evaluated its total staffing resources
and made necessary changes to realign functions and capitalise
on the features and benefits of our respective
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