|By PR Newswire||
|October 18, 2013 10:48 AM EDT||
EDMOND, Okla., Oct. 18, 2013 /PRNewswire/ -- Adfitech, Inc., a provider of outsource services to the real estate lending industry, announced today that in response to abrupt changes in customer needs, a reduction in force of 320 employees will be necessary.
While other cost reduction measures are being taken, the vast majority of expenses in this service related business are employee related resulting in a permanent layoff of production workforce effective December 20, 2013.
The company's priorities in the face of this situation are respect for employees as well as long-term viability of the company.
Sam Meek, Adfitech's president commented, "This reduction was difficult because it affects so many of our loyal, talented and hardworking employees. However, it was necessary in order to align our workforce with the current needs of our customers."
SOURCE Adfitech, Inc.