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Friday, November 21, 2008

Mutual fund layoffs spread
Here's the three most-read stories this week at www.ignites.com, the Financial Times' mutual funds newsletter and link-sheet. The links are subscriber-only, but the facts are well known, so we'll summarize:

1. Other Shoe Drops at Fidelity  - 1,700 job cuts at Fidelity Investments, after 1,300 earlier this year.

2. Capital Group Warns Employees of Layoffs  - American Funds owner Capital Group warns workers of cuts in the Global Institutional Group.

3. Dozen Managers Axed in Putnam Purge  - Putnam funds cuts from near the top.
 
See also PhillyDeals' item on BlackRock's first job cuts.
Posted by Joseph N. DiStefano @ 11:11 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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