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Hagerstown's First Data lays off 10

August 15, 2008|By JOSHUA BOWMAN

HAGERSTOWN -- First Data Merchant Services in Hagerstown has laid off 10 employees, company spokesman Arch D. Currid said Thursday.

The layoffs were announced Thursday. The 10 positions are being eliminated in Hagerstown and consolidated to other First Data locations, Currid said.

Currid said he did not know when the layoffs would take effect.

Thursday's layoffs are the latest for the credit card processing company's Hagerstown offices, where more than 200 employees have lost their jobs in the last two years.

The company laid off 50 employees in December 2005, about 10 in April 2006 and about 110 in March 2007, one month after the company was acquired for $29 billion by Kohlberg Kravis Roberts & Co., a private equity firm.

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The most recent layoffs came in November 2007, when about 60 Hagerstown employees were let go as part of a larger, companywide reduction of about 6 percent of its work force, or about 1,800 people.

Currid said Thursday's layoffs were not part of a larger, companywide reduction.

"As a global company, we are always evaluating our operating procedures and trying to increase profitability and competitiveness," Currid said.

On the same day that the layoffs were announced, First Data reported second quarter 2008 revenue growth of 10 percent, according to the company's Web site.

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