AllianceBernstein has started implementing the job cuts it first mentioned back in October. The layoffs impact investment staff as well as employees in client services and marketing, Morningstar's Katie Rushkewica reports in the Fund Times column.

The New York City-based investment manager is reducing its research staff by about 8 percent to 10 percent. It will have 85 growth analysts, 66 value analysts and 62 fixed income analysts after the cuts, according to the report. The cuts also affect four portfolio managers, including Lipkee Lu, comanager of Bernstein U.S. Government Short Duration and Bernstein Short Duration Plus; Ron Brault, senior portfolio manager of the strategic research portfolio; and David Jerome, senior portfolio manager of the large-cap growth portfolio.

AllianceBernstein spokesman John Meyers declined to comment on the details of the layoffs. 

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