Constancy Worldwide plans to chop 16% of China fund unit jobs
Enterprise & Finance
19 March 2024, 3:47 pm 1 minute
Reuters solely reported that fund supervisor Constancy Worldwide is planning to put off 20 folks at its most important China unit, equal to 16% of its headcount. The discount coincides with a downturn in China’s markets and comes because the agency cuts workers worldwide.
Market Affect
The agency, which manages $776 billion of shopper property, kicked off a broader value discount programme globally earlier this month which is predicted to avoid wasting round $125 million in 2024 and make 9% of its workforce redundant.
Article Tags
Matters of Curiosity: Enterprise & Finance
Kind: Reuters Finest
Sectors: Enterprise & FinanceMonetary Companies
Areas: Asia
International locations: China
Win Varieties: Exclusivity
Story Varieties: Unique / Scoop
Media Varieties: Textual content
Buyer Affect: Important Nationwide Story
