In WTW’S latest wrapup of filing news:

  • Conduent is cutting 143 jobs in Charlotte
  • LendingTree’s CEO sells some stock
  • Triad semiconductor firm Qurvo beats the Street

The details:

  • Conduent to lay off 143 employees in Charlotte

A business processes company will lay off 143 employees at its Charlotte location later this year, according to a notice filed with the state Commerce Department.

Conduent is permanently closing the location due to a change in business conditions.

The employees being laid off include 119 customer care assistants, 12 customer care supervisors, five customer care trainers, four customer care senior assistants, and one customer care manager, learning and development manager and service manager.

Conduent, which was previously part of Xerox, gave notice of its intentions to close the facility on Jan. 27 and the terminations will occur on or about March 31.

The facility is located at 2745 Whitehall Park Drive.

The company has 18 industry sectors and operates in over 40 countries.  According to the company’s website, there are 972 open job postings for the U.S.

This notice was filed pursuant to the Worker Adjustment and Retraining Notification (WARN) Act, which must be filed 60 days in advance of a plant closing that affects more than 50 employees in a 30-day period or a mass layoff of at least 500 employees or between 50-499 employees if they make up at least one-third of the employer’s workforce.

  • LendingTree CEO profits $446,440 from stock sale

Douglas Lebda, the founder, chairman and CEO of LendingTree, sold another 4,000 shares of company stock, worth $446,440, according to a filing with the Securities and Exchange Commission.

The transaction occurred on Feb. 2 at a price of $111.61 per share. Lebda still directly owns 684,896 shares worth more than $76 million.

Lebda previously sold 12,000 shares of stock worth over $840,000 in three transactions on Jan. 9, Jan. 12, and Jan. 26, at prices of $104.04, $105.5 and $106.07 per share.

According to the Form 4 filing, Lebda indirectly owns 1,049,140 of common stock through family trusts, spousal ownership and Lebda Family Holdings LLC worth more than $110 million.

LendingTree, founded in 1996, is an on online lending exchange that connects consumers with a network of lenders for financing products, including personal, business and auto loans.

LendingTree shares closed on Feb. 2 at $111.9, up 90 cents, or 0.81 percent for the day.

  • Qorvo projects decline in revenue but beats projections

Qorvo Inc., a semiconductor equipment company, announced a net loss of $78.6 million for its third fiscal quarter but beat analyst expectations.

Revenue decreased to $826.3 million, or 4.4 percent, from the previous quarter.

Earnings per share, adjusted for amortization and pretax expenses, were $1.35 per share, which beat analysts estimates of $1.26 per share.

Qorvo projected declining revenue for the upcoming March quarter of $610 million to $650 million due to the delay of smartphone launches by top manufacturing customers in China and Korea.

Bob Bruggeworth, president and chief executive officer of Qorvo, referred to the March quarter forecast as, “a greater than historical sequential decline.”

Analysts are estimating earnings of $1.04 per share for the next quarter.

The stock closed at $64.55 but has dropped $4.55, or 7.05 percent, after hours. The earnings were released after the market closed.

Note: This report was compiled from stories provided by the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.