President and CEO
"Change can be difficult -- particularly when it includes valued colleagues and friends departing," Schulman wrote.
"We will face this head-on together, drawing on the unparalleled scale of our global platform, the strategic investments we have made to strengthen our core capabilities, and the trust and loyalty of our customers."
Schulman said the "challenging macro-economic environment" calls for more change within the company, which he said has made "significant progress" in the past year. That progress came in the form of focusing on core priorities.
Schulman said affected employees will be offered severance packages.
"This will be a challenging period for our community, but I am confident we will come through it together with compassion for each other, our values at the fore, and a shared commitment to the future of
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