The Panama-based law firm Mossack Fonseca announced on March 7 that it is laying off more than 75 employees this month, bringing to more than 250 the number of workers it has let go since last April, when international media began publishing stories on the Panama Papers.
Mossack blamed the layoffs on the negative political and economic environment that has surrounded the firm since news broke about the Panama Papers — a trove of some 11.5 million leaked documents that reportedly suggest that Mossack played a role in money laundering and other nefarious activities.
But despite the fact that Mossack has lost more than half of its roughly 500 employees since last April, the firm’s office in the Virgin Islands remains fully staffed, according to a worker there who didn’t provide a name when reached by phone on Tuesday.
See the March 23, 2017 edition for full coverage.
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