Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam Cuts Another 60 Not Rated 1.0 Email Routing List Email & Route  Print Print
Thursday, March 06, 2003

Putnam Cuts Another 60

by: Sean Hanna, Editor in Chief

Putnam Investments has let laid off another 60 workers. The latest cuts represent fewer than one percent of the 5,700 employees at the Boston-based fund firm.

The cuts were made "across the company" after each business unit conducted its annual review of its operations, a Putnam spokesperson told the MFWire.com. The reviews are conducted by the firm's businesses each year. "It was minor adjustments as part of the normal course of business," added the spokesperson.

The firm did not provide details on which units were specifically hit by the cuts.

The cuts did include some quantitative reseach staff members and at least one portfolio manager, according to the Boston Globe. The manger was Margery Parker. She was one of four portfolio managers on the firm's $3.4 billion Vista fund.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use