Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment handles the proxy materials distribution and voting processes for bank, broker-dealer, corporate issuer, and fund clients, as well as distributes regulatory reports, prospectuses, class action, and corporate action/reorganization event information, as well as tax reporting solutions. The segment also offers ProxyEdge, an electronic proxy delivery and voting solution; data-driven solutions and an end-to-end platform for content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services; solutions for public corporations and mutual funds; data and analytics solutions; SEC filing and capital markets transaction services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. Its Global Technology and Operations segment provides solutions that automate the front-to-back transaction lifecycle of equity, mutual fund, fixed income, foreign exchange and exchange-traded derivatives, order capture and execution, trade confirmation, margin, cash management, clearing and settlement, reference data management, reconciliations, securities financing and collateral management, asset servicing, compliance and regulatory reporting, portfolio accounting, and custody-related services. This segment also offers business process outsourcing services; technology solutions, such portfolio management, compliance, fee billing, and operational support solutions; and capital market and wealth and investment management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.
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Broadridge Financial Solutions, Inc. has announced layoffs affecting approximately 36 employees in its Kansas City office. The layoffs are part of a broader restructuring effort aimed at improving operational efficiency. The company has faced challenges in the financial services sector, prompting this workforce reduction. The layoffs are effective immediately, impacting various roles within the organization. Broadridge's decision reflects ongoing adjustments in response to market conditions and operational needs.
Broadridge Financial Solutions, Inc. has announced the closure of its Kansas City facility, resulting in the layoff of 72 employees. This decision is part of a broader restructuring effort aimed at streamlining operations. The layoffs are set to take effect on October 1, 2023, as the company adjusts its workforce to align with current business needs. The closure reflects ongoing challenges in the fintech sector, prompting the company to reassess its operational footprint. Employees affected by this decision will be provided with support during the transition.
Broadridge Financial Solutions, Inc. has laid off over 70 employees from its Kansas City office. The job cuts are part of a broader restructuring effort within the company, aimed at improving operational efficiency. The layoffs were confirmed in a recent announcement, with the affected positions primarily in the finance technology sector. This move reflects ongoing challenges in the industry and the company's strategy to adapt to changing market conditions. The layoffs took effect on October 1, 2023, impacting the local workforce significantly.
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