SourceCorp to lay off 171 employees

By Candace Chapman

Credit: MGN Stills

SourceCorp to lay off 171 employees

February 4, 2014 Updated Feb 4, 2014 at 6:24 PM EDT

Binghamton, NY (WBNG Binghamton) SourceCorp notified the New York Labor Department it will lay off employees from its Wall St. location in Binghamton.

SourceCorp provides business consulting and solutions services.

The company cited loss of contract work as the reason for the lay off which would occur May 1, 2014 and will affect 171 employees.

SourceCorp has been in business in the area for 15 years.

The Texas based company merged with India based HOV Services in 2011.

SourceCorp is not closing in Binghamton as this story previously reported.

A spokesperson with SourceHOV says the company remains committed to its customers in the local area.