HONG KONG :Moody's Corp is shutting its China consulting business and is laying off people associated with the unit in multiple locations across the country, two people with knowledge of the matter said on Friday.
The move, first announced internally on Monday, has affected more than 100 employees across Moody's Beijing, Shanghai and Shenzhen offices, one of the sources said. Total headcount for the business unit could not immediately be ascertained.
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