Worldpay is cutting 234 jobs in Atlanta, about one-third of its staff in the city, according to a filing with the state's Department of Labor.
The payments technology firm was once a rapidly growing part of Atlanta's tech scene. It was acquired a year ago by Vantiv, a London-based firm.
In 2014, the company was given a $1.5 million grant from the city of Atlanta when it announced a move from Sandy Springs to Atlantic Station, where it joined Pandora as a tenant. Officials at Invest Atlanta, the city's development agency, said that they supported the grant because the company could have been lost to Orlando or shifted tech jobs to California.
At the time, the company's chief executive said that the move intown was intended to help attract millennials and talented software engineers who were looking for work in an urban setting. The CEO also said that the company saw the move as part of a planned expansion that would nearly double its local presence to more than 1,200 employees.
Worldpay’s headquarters in the United States are now in Cincinnati.
Officials of the company did not return messages from The Atlanta Journal-Constitution on Thursday. No details were available concerning the kinds of positions being cut or the reasons for the reductions.
However, those layoffs will come by the end of March, according to the filing with the Labor Department.
The company is scheduled to announce its quarterly earnings on Feb. 26.
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