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Financial Firm's Massive Dallas-Area Layoffs Comes as Sublease Space Reaches New Heights

Genpact's OpenWealth To Lay Off Nearly 1,000 Employees in Dallas Area

OpenWealth, the financial services subsidiary of Genpact, plans to lay off 964 employees at this office building in Richardson, Texas, effective March 31. (CoStar)
OpenWealth, the financial services subsidiary of Genpact, plans to lay off 964 employees at this office building in Richardson, Texas, effective March 31. (CoStar)

Financial advisory and wealth management firm OpenWealth, a subsidiary of New York City-based Genpact, plans to lay off nearly 1,000 employees in the Dallas area by the end of March after one of its clients decided it no longer needs the firm's services.

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