WEX Inc., a Portland-based financial technology provider, said it will lay off 375 employees — around 5.2% of its 7,200-person workforce — just as two other Maine employers begin their own downsizings.
Fewer than 45 employees in Maine will be affected by the newly announced layoffs, according to a source.
WEX's announcement comes less than a week after Scottsdale, Ariz.-based ON Semiconductor Corp. (Nasdaq: ON) announced it is closing its South Portland office and laying off 53 Maine employees. Covetrus, a Portland-based animal health company with 5,700 employees worldwide, also recently said it will cut an unspecified number of workers as part of an organizational restructuring.
https://www.mainebiz.biz/article/wex-to-lay-off-375-employees-worldwide-becoming-latest-maine-employer-to-downsize