OK, this just got filed with the state of California Employment Department. There will be about 100 (not sure about the exact layoff numbers but that's what I heard) will be laid off sometimes in January 2016. They have to file this document with the state approximately 60 days prior, so they are doing it right now - Employees have known that something is being prepared but nobody knew it'll be as big as this
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http://www.charlotteobserver.com/news/business/banking/article54746370.html