Outsourced and out of sight?
"Foreign exchange company Travelex, based in Worldwide House, in Thorpe Wood, has been consulting with staff for months over its plans to move some jobs to Asia. It is understood that about 75 finance jobs will be lost to Peterborough. Travelex employs up to 400 people in Peterborough. The remaining staff cover a variety of functions including human resources, IT and customer service. It is understood that the company is seeking to make the redundancies to improve efficiency and to cut costs."
Sounds like only finance roles were relocated, not IT. Would be interested to hear more from any present or former insiders.