November 15, 2016 / 8:22 PM / 9 months ago

Putnam to cut about 115 jobs, or 8 pct of work force

BOSTON, Nov 15 (Reuters) - Boston-based U.S. mutual fund manager Putnam Investments plans to cut about 115 jobs, or nearly 8 percent of its work force, the company's parent company said on Tuesday.

Boston-based Putnam, the U.S.-based asset manager for Great-West Lifeco Inc, will make most of the cuts in its operations and technology areas, it said.

A small number of investment management professionals also will be leaving, it said. (Reporting by Tim McLaughlin; Editing by Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below