AUSTIN, TX — Sixty local workers at State Street Financial Services, Inc. — one of the world's largest asset management companies — will be laid off come November, according to a state filing.

The Boston-based company this week alerted the Texas Workforce Commission it would cut the jobs at two of its facilities at 11801 Domain Boulevard and 11501 Alterra Parkway. The specific reason for the cuts was not disclosed, but company officials said the layoffs would take effect by Nov. 13.

Details on the imminent layoffs were outlined in correspondence to the Texas Workers Commission sent by the company in compliance of the federal Worker Adjustment and Retraining Notification (WARN) Act designed to give employees advance notice of job cuts. Patch requested the correspondence, which was sent to the state agency by Debra Bielke from the company's human resources department.