After Unveiling New Headquarters, T. Rowe Price Is Laying Off Employees

After unveiling new headquarters, T. Rowe Price is laying off employees

For the third time in three years, Baltimore-based T. Rowe Price is laying off employees. The firm has not specified how many jobs will be cut.

T. Rowe Price lays off undisclosed number of employees

T. Rowe Price has started laying off employees, the company said Thursday, — including at its Baltimore headquarters — in a push to slash costs and jumpstart growth at the global investment giant.

T. Rowe Price Cuts Jobs Across the Firm After Years of Outflows

T. Rowe Price Group Inc. is making a business-wide round of job cuts as the Baltimore-based asset manager grapples with outflows and other pressures.

T. Rowe Price Initiates Broad Job Cuts Amid Asset Outflows, Strategy Shift

T. Rowe Price Group Inc. is implementing firmwide layoffs as the Baltimore-based asset manager contends with sustained client outflows and mounting pressure to streamline its operations. The company is reducing headcount across departments, according to an internal memo distributed to staff on Thursday.  While the exact number of affected positions wasn’t disclosed, the memo confirmed that employees have already been notified and that transition…