T. Rowe Price Group Inc.
TROW,
has reduced its global head count by 2%, or about 150 people, a spokesperson for the firm confirmed to MarketWatch. The job cuts took place last week in a “difficult decision” for the firm, the spokesperson said. The Baltimore-based money manager with AUM of $1.4 trillion cut 2% of its work force back in November as well. The layoffs were first reported by Pensions & Investments. T. Rowe Price stock is up 8.9% so far in 2023, compared to a 19.6% gain by the S&P 500
SPX,
