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Defi Options is shedding 21% of its work power at its Amherst location, because of the lack of a contract, in accordance with submitting with the state Division of Labor.
The auto lending software program options firm has workplaces at 6400 Fundamental St. in Amherst. The corporate is headquartered in Texas.
Defi Options will lay off 29 of its 137 employees, in accordance with the submitting. The layoffs began this month and are anticipated to finish in July.
An organization consultant couldn’t be reached to touch upon Monday.
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