Pimco Axes 3 Percent Of Global Staff As Assets Decline
Posted: Thu Jun 16, 2016 7:23 am
Pacific Investment Management Co (Pimco) has cut its workforce by 3 percent, equating to 68 people and is said to be offering buyouts as assets under management have fallen in recent years.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Spokesman Michael Reid said in a statement, “Like any responsible business, Pimco constantly adjusts its resources to capitalize on changing markets and investment opportunities for clients. Our current business plans will reduce expenses in some areas while, of course, ensuring investment and hiring in others.”
[quote]
Our current ... (read more)