Boston Financial Data Services is making cuts. A spokeswoman confirmed that BFDS is conducting "a reduction in force," though she declined to cite specifics.

However, industry insiders estimated the layoffs to affect about 300 positions, or roughly 10 percent of BFDS' workforce.

In an emailed statement, the spokeswoman stressed that the firm remains "committed to the financial services industry for the long term."

"We are taking immediate expense reductions," the spokeswoman stated. "We are and will continue to ensure we operate with the right number of resources to optimize our service levels with our clients." 

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