The CFA Institute has laid off 31 employees in recent weeks.
CHARLOTTESVILLE, Va. (WVIR) -
Dozens of full-time employees at the CFA Institute have been laid off as a part of the company’s restructuring in recent weeks.
According to the company, 31 staff members have been laid off at offices in Charlottesville, New York, and some remote workers as well. In addition to severance packages, the CFA Institute says laid-off employees were also given a two-month notice period, job transition services, and support and counseling services.
The company does say that some employees have been offered newly created positions within the company and all were encouraged to apply. CFA Institute says there are currently 50 open positions with the company, many of which are located in Charlottesville.
"CFA Institute is a global organization that is growing fast," said communications director at CFA Institute J.D. McCartney. "We believe we are positioned to manage our growth and appreciate our talented and hard-working staff. This strategic restructuring allows us to manage significant global growth."
The CFA Institute renovated the old Martha Jefferson Hospital on Locust Avenue for its offices and opened in 2014. It is an international association for investment professionals.