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Bridgeport-based People s United Bank to lay off 747 workers Luther Turmelle FacebookTwitterEmail The People’s United Bank headquarters in downtown BridgeportNed Gerard / Hearst Connecticut Media Buffalo-based M&T Bank has told state officials it will lay off 747 People’s United Bank employees starting Oct. 1 as part of the merger between the two financial institutions. M&T officials notified Connecticut Department of Labor officials in a letter received by the agency Thursday. The layoffs will be spread out over 16 locations across Connecticut and will be implemented over a period from Oct. 1 to May 20, 2022, according to the federal Worker Adjustment and Retraining Notification received by the agency.

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