AUSTIN (ABJ) — A Round Rock-based nonprofit that has been a major employer in the city intends to shed more than 100 employees, nearly one-third of its staff.

Trellis Company, a student loan guarantor that for more than four decades has helped college students navigate higher education financing, informed the state in a March 9 letter about next month’s planned layoffs.

The “mass layoff” — which came to light in what’s known as a Worker Adjustment and Retraining Notification Act letter, aka a WARN letter — will occur on April 4 and impact 105 employees at its space at 301 Sundance Pkwy. The affected employees include some remote workers that are associated with the office.

Read the full story on the Austin Business Journal website.