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BOSTON — Sapient, the Internet consulting company, this morning announced it will reduce its global workforce by 20 percent.
About 720 employees will lose their jobs, including 70 in the Sydney, Australia office, which will be closed. In addition, the Cambridge, Mass.-based company will consolidate office space in several other cities that currently use multiple locations. The cutbacks will not affect the company’s European operations, which includes offices in London, Milan and Munich. Revenues are growing in Europe and the company expects to expand operations there.
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