Massive layoffs hit Aequitas

 The troubled Aequitas Capital, which had invested heavily in student loan debt, will lay off most of its staff.

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The company ‘gathered its stunned employees Friday and informed them virtually the entire company would be let go,’ Manning wrote.

The firm will operate with a ‘skeleton crew’ as the layoffs take effect over the next 60 days, according to the O.

(READ MORE: Portland Business Journal)

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