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Partners & Simons Trims Staff

BOSTON—Partners & Simons on Friday confirmed that it dismissed three employees, roughly 5 percent of its staff. The layoffs are the first in the agency’s 12-year history. A representative for the Boston independent did not identify those terminated or give a rationale for the cuts, saying only that no clients defected. Sources said the shop, which continues to employ about 60 people, trimmed staff based on a disappointing earnings projection for early 2002.

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