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Report: Bank of New York Mellon lays off 1% of workforce

Bank of New York Mellon Corp. laid off approximately 400 employees, or 1% of its global workforce, with a quarter of the layoffs happening in the Pittsburgh area, Pittsburgh Post-Gazette reported, citing employees who were laid off.

Bank spokeswoman Jennifer Hendricks Sullivan declined to comment on the number of people laid off or if there would be more layoffs, the news outlet reported.