Legg Mason Cutting Jobs as Disruption Plagues Fund Industry

3/30/2017

Ed. Note: This article first appeared in Bloomberg Legg Mason is cutting about 30 jobs, or 3 percent of its administrative staff, to respond to the money-management industry’s shift toward lower-fee investing. “Legg Mason is refocusing its resources in response to the disruption affecting the asset-management industry,” Mary Athridge, a spokeswoman for the Baltimore-based firm, said Wednesday