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 

https://www.bizjournals.com/baltimore/news/2022/11/16/t-rowe-price-layoffs-cost-cutting-move.html

Thoughts on layoffs due to financial hardships from coronavirus and its affects on revenue? What business groups would most likely be affected the most?

Somebody mentioned something in another thread, but I haven't heard anything at the office...

Thoughts?

Announced back in April. They will be departing end of June. I think some will stay through July too.

The job eliminations are incredibly covert and include severance packages contingent on signed non-disclosures.

T. Rowe has continued laying off during 2018 in small enough groups to avoid news coverage. Just recently a group comprised of mostly long term employees. It's pure cost cutting even though the company and stock are doing well. Mid -senior management... — read more 

This place use to be great place to work. Now it stinks. With new CTO he has his vision to scale in NY & it has already started to fall apart. 2 key resources have left the tiny NY team, and CTO came in person to ask them to stay back with the firm... — read more 

Do you know what the plans for the cuts are for T Rowe Price for next one or two years. What positions will be affected and is there any plan to cut resources on the IT side?

it's horrible now, backstabbing, politics, shrinking opportunities - many people are thinking about leaving...

The business is pretty good at TROWE right now - no issues, no layoffs and i expect this to stay like this for quite some time. Good luck...