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Pimco Plans To Cut Workforce After Drop In Assets Since Bill Gross' Abrupt Exit

FYI: Pacific Investment Management Co. plans to cut its workforce by 68 people, or about 3%, and offer buyouts as assets under management have fallen since the September 2014 departure of Bill Gross, according to a memo obtained by Bloomberg.
Regards,
Ted
http://www.investmentnews.com/article/20160616/FREE/160619925?template=printart
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