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Rating:Job Cuts at Legg Mason Could Go Deeper than 350 Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 14, 2010

Job Cuts at Legg Mason Could Go Deeper than 350

News summary by MFWire's editors

On Monday, Legg Mason officials revealed their plan to cut 350 jobs, or about 10 percent of the firm's workforce. Yesterday, company executives said the cuts could be bigger than 350.

Reuters quotes Legg chief administrative officer Joseph Sullivan as saying that the Baltimore-headquartered mutual fund firm could make further cuts via voluntary terminations and other measures.

The article did not state what those other steps are. 

Edited by: Armie Margaret Lee


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