Title: T. Rowe Price Lays Off Undisclosed Number of Employees Amid Organizational Shift
Source Name: Baltimore Sun
URL: [https://www.baltimoresun.com/2025/07/17/baltimore-based-t-rowe-price-lays-off-undisclosed-number-of-employees](https://www.baltimoresun.com/2025/07/17/baltimore-based-t-rowe-price-lays-off-undisclosed-number-of-employees)
Summary: Baltimore-based T. Rowe Price has initiated layoffs as part of a broader restructuring effort, though the exact number of affected employees has not been disclosed. The move comes shortly after the company opened a new global headquarters at Harbor Point, housing 2,000 employees. The firm described the changes as “targeted role eliminations” aligned with its long-term strategy.
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Title: T. Rowe Price Cuts Jobs Across the Firm After Years of Outflows
Source Name: Bloomberg
URL: [https://www.bloomberg.com/news/articles/2025-07-17/t-rowe-price-cuts-jobs-across-the-firm-after-years-of-outflows](https://www.bloomberg.com/news/articles/2025-07-17/t-rowe-price-cuts-jobs-across-the-firm-after-years-of-outflows)
Summary: T. Rowe Price is executing company-wide job cuts due to sustained outflows and ongoing business pressures. Employees across all departments were notified via an internal memo, which did not provide the total number of layoffs. This marks a strategic shift as the asset manager responds to financial headwinds and repositions for efficiency.
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7 replies (most recent on top)
@a1 I believe the target was about 10%. They also did their best to terminate various employees for smaller infractions prior to layoffs.
As a company, they’ve lost integrity and the leaders care more about their careers than the clients and individuals they serve.
@a9 Sharps: "Makes GREAT sense to me!"
CEO got a 50% raise earlier this year. Meanwhile since he started his role as CEO, stock price is down by 50%. Make it make sense
Any investors affected? It’s their garbage performance that led to this.
people across all business units were impacted, including IT/tech, marketing, global distr. + support functions...
@a1 we have estimates ranging from 5% to 10% of the company affected right now. It was not directly disclosed.
sorry to see this, i work for a competitor and we had cuts twice this year too.
wish you all the best.
i was actually thinking of applying at trp but i guess my timing is not the best.
do you knwo how many were affected in this cut. our last cat was less than 100 people and it was not that bing percentage wise.
good luck all