November 15, 2007
· To grow our business globally, First Data is continually seeking better and faster ways to deliver new products and services to our customers.
· Today, various areas of First Data have reduced their headcount, resulting in an overall 6 percent reduction in force. At the same time, we have added a significant number of new employees through recent acquisitions. Due to the number of new employees we have added, our year-end global headcount is expected to remain the same approximately 29,000 employees.
· These decisions are never easy to make and we understand the impact on people's lives. We will do everything that we can to support the affected employees through this transition.