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Specialized lays off 8% of workforce in a ‘shift for the future’ transformation

Specialized lays off 8% of workforce in a 'shift for the future' transformation

Specialized has today announced it has laid off eight per cent of its workforce, approximately 125 people, with immediate effect. 

In a press release, the company cites industry and economic challenges as the reason for the decision, stating “it’s clear the time has come for transformation and shifts for the future.”

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