Janus of Denver is cutting 54 shareholder-service training positions from its operations division, the company announced last week. Nine of the 54 employees were placed in other parts of the company, meaning that 45 people were laid off, the spokesperson said.

Janus maintains that increased efficiencies from technology are the reason for the cutbacks. The company has abandoned the classroom model of training in favor of computer training so employees can be trained at their own pace at their desks, according to Blair Johnson, a spokesperson for the company.

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