CFA Institute, the organisation that oversees the popular tests to become a chartered financial analyst, has come under fire from both staff and students after it culled about a fifth of its workforce and delayed examinations around the world.
The Virginia-based group, whose members are widespread across the investment, banking and wider financial sectors, is in the process of laying off about 120 people globally.
CFA said the redundancies followed the introduction of a new operating model to “modernise the organisation”.
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