Thread regarding T. Rowe Price Group Inc. layoffs

Adding some teams I didn’t see mentioned earlier - GCAS, HR L&D, Internal Audit, GDS

RPS

Middle Office lost 3 people

25 from II

20 from HR. That includes talent, DEI, etc.

15 from Enterprise Risk

12 from CREWS

Those are the biggest hit areas, all other impacted areas are 10 and under - including total tech because the Help Desk strategy change was completed before this

2 in HR. Employee comms

@aa enterprise risk lost 15 people

@aq FI quant : 3 seasoned quants
MA quant : approx 3
EQ quant: 1

@aq additional confirmed in the Transformation Office (COO) seems to sum up to 10

See if this helps:
### Departments Affected by T. Rowe Price Layoffs (Based on Forum Posts)

1. Global Marketing

“@a4 my wife works in global marketing and i can confirm what you said, it's carbon copy of what she's telling me”
– post @ak+1k0d8nmj1

“global marketing is likely to have big changes given they just pushed out the organization head (she ‘retired’ unexpectedly a few weeks ago)”
– post @a7+1k0d7ace7

2. Enterprise Risk

“Enterprise Risk lost at least 4-5”
– post @aa+1k0d7ace7

3. Client Experience (CX)

“In Individual Investors, 4 in CX and 8 in Marketing. I’m not sure about the other orgs in II.”
– post @a7+1k0d7ace7

“@a8 Client Experience”
– post @ah+1k0d1e8ye

4. Business Resilience / Continuity

“The entire Business Resilience team was laid off… literally during a week of at least two real-world disruptions at the firm”
– post @a5+1k0d7ace7

“@a5 Jesus, that is awful. Who do they expect to manage these scenarios from now on?! Business Resilience and Continuity is incredibly important…”
– post @a3+1k0d8nmj1

5. IT / Tech

“people across all business units were impacted, including IT/tech, marketing, global distr. + support functions…”
– post @a4+1k0d7ace7

6. Software Engineers / Data

“Data / Data Analysts + Software Engineers”
– post @a4+1k0d6mbap

7. Command Center / Help Desk / Service Desk

“Service Desk, Command Center, and Help Desk... Jobs are going to Accenture.”
– post @a3+1k0d7ace7

“Layoff complete areas (Help Desk/Command Center) and Train Your Replacement.”
– post @1qh+1jzk1a9kr

8. Intermediary Sales Consultants (USI)

“There were a few Intermediary Sales Consultants in USI, a number of positions in general across the firm.”
– post @1qh+1jzk1a9kr

9. Global Distribution

“people across all business units were impacted, including IT/tech, marketing, global distr. + support functions…”
– post @a4+1k0d7ace7

“Historically the distribution groups are usually hit pretty hard too and teams are shifted around.”
– post @a7+1k0d7ace7

10. Retail / Ops

“Retail/Ops another area that they like to go after.”
– post @a7+1k0d7ace7

11. GIO / FCO / Banking Team

“@1pn I heard GIO/ FCO was one of them. The banking team lost someone”
– post @1ps+1jzk1a9kr

12. Portfolio Managers

“Yes, some portfolio managers of smaller scale strategies were notified that their portfolios will be closing.”
– post @a6+1k0d7ace7

13. CFO Group (Corporate Strategy + FP&A)

“I can confirm a handful of people in the CFO group were let go including from the Corporate Strategy and FP&A teams.”
– post @a7+1k0cp2647

14. Managers / Directors

“plenty of managers. crews lost several directors”
– post @a2+1k0d6tmdj

15. COO Group

“Confirmed 4 from the TO (coo group) received the email”
– post @1kj+1jzk1a9kr

“'Important business update' emails are being sent within the COO group”
– post @1k2+1jzk1a9kr

@ab you can’t offshore business resilience!’

@a6 probably offshoring it like a lot of other jobs

Enterprise Risk lost at least 4-5

@a8 Client Experience

@a7 What is CX?

In Individual Investors, 4 in CX and 8 in Marketing. Im not sure about the other orgs in II.

@a5 Jesus, that is awful. Who do they expect to manage these scenarios from now on?! Business Resilience and Continuity is incredibly important, and it’s important to our institutional clients when we are bidding for their business.

The entire Business Resilience team was laid off… literally during a week of at least two real-world disruptions at the firm

this guy tagged it on linkedin:

https://www.linkedin.com/posts/abaker178_opentowork-activity-7351633071131041792-2ZNU

I had this in another thread but here it goes:

people across all business units were impacted, including IT/tech, marketing, global distr. + support functions...

Service Desk, Command Center, and Help Desk...
Jobs are going to Accenture.

Data / Data Analysts + Software Engineers