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Subject:  Re: Vanguard lays off 1300 401k employees Date:  7/16/2020  12:17 PM
Author:  billjam Number:  98954 of 100375

While I have empathy for those affected I can understand Vanguard's situation. Many clients have furloughed a large number of employees, and a lot of them may never be brought back. The volume of work for Vanguard 401k staffers has to be down significantly. It's the kind of business decision no one like to make but probably a necessary one.
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