The asset management firm T. Rowe Price has again implemented workforce reductions. These latest cuts primarily affected global marketing and distribution enablement teams. The company stated these changes are part of an operating model review to enhance efficiency. This marks the second round of layoffs for the company in less than a year. T. Rowe Price is a significant employer in Baltimore and manages substantial assets.
Baltimore, Maryland
https://www.thebanner.com/economy/t-rowe-price-layoffs-baltimore-JAQJOZKYF5BJFCPRZ6MAR4QAOY/