What do we do about our ESPP?

I’m not hearing much, which, given the circumstances, isn’t really a good sign.

There will def be more layoffs in techops and tech adjacent roles. They'll be cutting mainframe support roles as soon as the mainframe transition is complete in a couple months. They'll be looking to cut more people before the end of the year so... — read more 

Anyone from Global Distribution on this board? Were you impacted and can you share anything?

We still don’t know if the layoffs are over, how many people they’ve been targeting, or how many in the US are actually going to be cut. Silence is deafening.

The investment management firm is lowering payroll as part of a larger plan to reduce expenses. It declined to specify how many employees have been laid off or to break down the cuts nationally versus... — read more 

One moment everything feels stable, and then it’s just gone. It’s hard not to let your mind run wild with worry. For anyone who’s been through this, how did you keep yourself grounded? I could really use some guidance right now.

I highly doubt this was it. Any thoughts on how long we're safe for before layoffs continue?

It's hard to get comprehensive info about the layoffs, but I'm genuinely curious if there were any areas that were safe in this round? And if the answer is yes, on an unrelated note, are you hiring?

Is the firm not required to enter into collective consultation, given it appears more then 20 individuals have been let go? I understand they are only doing individual consultation?

The firm lost a lot of good people. A lot of the blame should go to the deadwood in Distribution. Don't get me wrong there are a few good people in that division. However, it has become filled with lazy, useless, superficial salespeople who are more... — read more 

I’ve been actively looking for a new role for the past 6 months, I read the writing on the wall and the time finally came (and more to come). I feel bad as someone who already wants to leave, yet wasn’t impacted. I truly feel for those who were let... — read more 

Ive heard all this from many former colleagues there. Sad to see such a great firm fall apart so fast. Best thing all of you could do on Monday is show up and stand in that big new lobby they have in unity as everyone arrives...don't go to your... — read more 

I was part of the 2018 purge. Did not make logical sense and, while the group was relatively small, it was impactful. I was lucky to find out via phone since I was off that day. I remember hearing what was going on and wondering what I was... — read more 

If you were just laid off, I know how overwhelming it feels right now, but take a breath and start moving one step at a time. I applied to over 100 jobs when it happened to me, and it took a while, but I ended up with multiple interviews and three... — read more 

The leadership thinks swapping out experienced folks for cheaper new hires and outsourced labor is smart business, but it always backfires. Morale tanks when solid people get cut, and most of the ones left start looking for exits. You can’t build... — read more 

From what I've read in some threads, there was a limited voluntary round before this. If this is true, why didn't they make it available to all of us? Plenty of us are here only until something better pops up. Taking severance would work perfectly... — read more 

I have to say, the vague messaging around this round of layoffs is a real failure. Instead of giving your associates the facts, we're forced to attempt to make sense of what's happening in this very public forum. I don't think our investors would... — read more 

It’s simple-minded, short-sighted, and not particularly strategic. And clients suffer too. But when decisions are driven purely by numbers, it makes a certain kind of sense. Outsourcing to local consultancies, though? They just offshore too, and take... — read more 

I can only assume that means more layoffs are coming. Not necessarily a major round, but small groups here and there. Just enough to ensure we never get even a day or two of peace of mind.

Has anyone been let go in Warwick Court?

I've seen posts disapear, they are removing things that they do not like

I'm betting you that we'll have to do the extra work now that people have been kicked out. There'll be no backfilling, that's for sure, but the volume of work will stay the same. They don't care if we'll be able to do it, it'll just be expected... — read more 

It’s their fault outflows are so bad. The new horizons guy should just be the start l

I know we cannot be certain but just curious what folks are thinking

We are at a pivotal moment on our path back to organic growth. In the face of rapidly changing industry dynamics, we are committed to making the decisions necessary to invest in our strategy and take advantage of the opportunities ahead. This... — read more 

In mid-July 2025, employees at T. Rowe Price began to receive vague calendar invites titled “Business Update” with Zoom links. For many, this was the quiet prelude to a much louder outcome: a significant wave of layoffs that reportedly affected... — read more 

Please do not people's names here, nobody would want their name displayed in public

Title: T. Rowe Price Lays Off Undisclosed Number of Employees Amid Organizational Shift Source Name: Baltimore Sun URL:... — read more 

Basically, from what I can see, if you're older and have higher pay, chances were higher to be shown the door. It's not a rule, of course, since then people could sue over age discrimination, but that seems to be the dominant factor. More people over... — read more 

If there's one place where we have plenty of fat, it's management levels. We can safely lose some to minimum impact. But somehow I doubt any of them are on the list.

Do we expect a similar number to be affected here in the US?

As a rule, the best - the most experienced, skilled, and reliable - are let go disproportionately. When decisions are guided solely by the bottom line, rather than by a strategic effort to improve operations and strengthen the workforce through even... — read more 

Can somebody please share what kind of severance is being offered? Have there been any changes since the last layoff?

The US is next. I hope everyone is as prepared as they can be and has their ducks in a row. Stay sharp and take care of yourselves.

Rumor is layoffs are imminent the week of 07-14-25; between 5%- 10%

I haven’t really seen them announce but they did another batch on 7/20/23. Rumors have been in a range of 2% - 10%

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more