CHICAGO -- Dain Bosworth Inc. late last week pared the staff at its recently acquired Clayton Brown & Associates firm in Chicago, laying off 25 to 30 employees including three public finance professionals.

Most of the layoffs occurred in the back-office operations of Clayton Brown, which was purchased by Minneapolis-based Dain Bosworth in October, and had been announced previously as a consolidating move, according to Jennifer Driscoll, a Dain Bosworth spokeswoman.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.