September 23, 2014 / 8:42 PM / 5 years ago

Trading firm KCG announces job cuts

Sept 23 (Reuters) - Trading firm KCG Holdings Inc said it has begun cutting 4 percent of its workforce to focus on areas with potential for growth.

KCG said it expects to incur a pretax charge of $5-$6 million in the third quarter related to severance, other one-time termination benefits and associated costs. (1.usa.gov/1uF0adr) (Reporting by Amrutha Gayathri in Bangalore)

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