Denver-based Digital First Media is laying off 107 workers
at a Colorado Springs
Most of the workers are in accounting or
finance, according to a notice the company filed with the Colorado Department
of Labor and Employment.
The work is going to GenPact, a global
professional services firm that employs more than 80,000 worldwide.
Digital First is owned by New York-based hedge
fund Alden Global Capital.
The laid-off employees will be eligible for
income support from the U.S. Labor Department under a government program for
workers laid off because of imports or work moved to a foreign country, the
Colorado Springs Gazette reported.
The Labor Department said that the Digital
First workers qualify as the company “has acquired from a foreign country
service like or directly competitive with services supplied by the workers.”
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