Putnam investments eliminates 115 jobs to reduce costs
Great-West Lifeco (Tor., GWO) said Tuesday that its US subsidiary Putnam Investments asset management would eliminate about 115 jobs in order to cut spending US $ 65 million.
The company calculates that these job cuts represent about 8% of the labor Putnam. They will take place mainly in areas related to operations and technology.
In addition, a number of “restricted” of investment management professionals will leave the company.
Great-West Lifeco, a member of the Power Financial Corporation group of companies offers life insurance, health insurance, retirement services and investment, asset management and reinsurance.
It operates the banners Great-West, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments.
YOU MAY ALSO LIKE
Forex Trading Education: The Ultimate Step-wise Guide to Become a Forex Trader
You may aspire to become a forex trader as you would have heard and seen forex traders making a fortune in this profession. ...
READ MORE
Why the World Health Organization isn’t calling the coronavirus outbreak a pandemic
Dr. Michael Ryan, executive director of the World Health Organization’s Health Emergencies Programme, said the organization is still ...
READ MORE
The Top Questions You Should Ask When Selecting a Debt Collection Agency
The bad news about overdue or even unpaid invoices is that most businesses and enterprises, big and small, will experience them at ...
READ MORE
Tips to Make Your Business More Energy Sufficient
As a business owner, you need to think of ways to make your company thrive. One of the best solutions is to become more sustainable by ...
READ MORE
Useful Tips for Trading and Investing in Stocks
Stocks are equity investments in companies representing part ownership of the company. Once you buy stocks from a company, you ...
READ MORE
How to Deal with Construction Rental Without the Stress
When it comes to dealing with a construction site, stress is an ever-present issue for everyone involved. Whether it happens to be the ...
READ MORElatest news
