BALTIMORE (AP) -- T. Rowe Price Group's first-quarter profit tumbled by more than two-thirds, and the investment manager is responding by cutting 288 jobs.
The cuts disclosed Wednesday involve about 5.5 percent of the work force at the Baltimore-based manager of mutual funds and other investments. The reductions mostly involve telephone, processing and technology workers, rather than investment professionals.
from our friends
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment