Deals
Liquidnet Cuts About 12% of Staff Amid Slowdown
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Liquidnet Holdings Inc., the trading platform used by institutions such as mutual funds to buy and sell large blocks of shares, eliminated 45 employees this week because of a slowdown in business.
The cuts were confirmed by Rich Myers, a spokesman for the New York-based company. Liquidnet had about 375 employees before the 12 percent reduction. The cuts were companywide, affecting trading, technology and transaction processing, he said.