Investment firm to lay off 175 employees locally as it outsources work

Franklin Templeton to layoff employees in St. Petersburg; those affected will have job opportunities at Jacksonville-based FIS.

  • By Louis Llovio
  • | 1:03 p.m. November 30, 2021
  • | 0 Free Articles Remaining!
FILE: Franklin Templeton Investments is laying off 175 employees at its St. Petersbug office in the Carillon development.
FILE: Franklin Templeton Investments is laying off 175 employees at its St. Petersbug office in the Carillon development.
  • Tampa Bay-Lakeland
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ST. PETERSBURG — Franklin Templeton Investments is laying of 175 employees in St. Petersburg. The layoffs will begin Jan. 31 and the job losses will be permanent.

The investment firm, in a letter to the state, says the job cuts are a result of a decision to outsource work done by its global transfer agency to Jacksonville-based FIS Global, a financial products and services company.

 

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