State Street to Cut 1,400 Jobs

(NECN) - There will be another round of job cuts at the Boston-based financial services company State Street.

They will cut 1,400 jobs, and  about 400 of them in Massachusetts

The layoffs are part of restructuring plan aimed at cutting costs by 625 million.

The financial services company employs 29,000 people - more than 12,000 of them in Massachusetts.

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