Finance
Asset Manager Wellington Lays Off Dozens of Employees With Voluntary Job Cuts
- Fewer than 3% of the firm’s employees have agreed to leave
- The Boston-based asset manager cut 5% of staff last year
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Dozens of Wellington Management employees are leaving as part of voluntary job cuts at the Boston-based asset manager.
The firm offered “some long-tenured employees” a chance to leave with severance, and less than 3% of the firm’s 3,000 employees agreed to take it, spokesperson Robyn Tice said Wednesday in a statement.