Franklin Templeton Layoffs Job Cut: fires 350 employees: Finance Trading Times

Franklin Templeton Layoffs Job Cut: fires 350 employees

The news is not good for the employees of Franklin Templeton Investment Firm. The latest additon to the list of companies going for layoffs is the Franklin Templeton. No one seems to be shielded from the effect of recession. It the Franklin Templeton Company, which have decided to go for the layoff. Franklin Templeton Layoffs

How many employees will be fired in the Franklin Templeton layoffs?
There could be around 350 job cuts by the company. This will be around 4 percent of the total company workforce.

Were there any previous rounds of layoffs by Franklin Templeton
No. There were strong earnings reported by the company in the last year.

What is the total employee strength of Franklin Templeton
As of now, The California-based financial services company employs more than 8,000 people.

Which employees are affected by the Franklin Templeton Layoffs
Carillon offices employees will be affected by the layoffs where 65 jobs will be cut.

Any other news about Franklin Templeton layoffs
Franklin Templeton’s parent company, Franklin resources, Inc., reported net income of $1.5 Billion in 2008, according to federal records.
Let's hope that alternative jobs are available to the affected employees of Franklin Templeton Layoffs Job Cut
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3 Comments: Post your Comments

Anonymous said...(on 22 January 2009 at 11:55 )  

Um...no, this was NOT the first round...there was a significant wave last year and it did follow a dramatic drop in earnings.

You might hide the truth and not admit what your former employees will, but we can all read the quarterly reports...So who do you think you're kidding with this absolute falsehood....corporate-speak...You'll be in the cheeze line also.

Anonymous said...(on 25 January 2009 at 22:01 )  

This is the second round of layoffs. I saw both and was not spared the second. Our whole floor was hit on the second. Where does this inacurate reporing come from??

laid off said...(on 19 February 2009 at 01:14 )  

I was laid off in the first round in October/November 2008 (announced in October, official in November).

This was definitely the second round of layoffs. Please see this article that says, "Franklin in January announced it would cut 4 percent of its global work force. Those cuts were in addition to a 2 percent cut the company announced in October."

http://www.bizjournals.com/sanjose/stories/2009/02/16/daily13.html?surround=lfn

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