Legg Mason Inc. has laid off about 120 employees and restructured its executive team just days after activist investor Nelson Peltz struck a deal with the company to claim seats on its board of directors. About 12 percent of the company’s 1,000 corporate employees were laid off, the Baltimore-based money manager announced late Thursday. Of that 12 percent, 9.7 percent of the cuts came at Legg Mason’s U.S. locations in Baltimore and Stamford, New York. Legg Mason (NYSE: LM), which has $758 billion…
from https://www.bizjournals.com/baltimore/news/2019/05/23/legg-mason-lays-off-120-employees-restructures.html?ana=RSS&s=article_search
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