Franklin Plans to Cut Up to 5% of Workforce to Reduce Costs
Headquarters of Franklin Resources Inc., parent company of money management unit Franklin Templeton, are seen in the early morning hours in San Mateo, California. (Photographer: Noah Berger/Bloomberg News)

Franklin Plans to Cut Up to 5% of Workforce to Reduce Costs

(Bloomberg) -- Franklin Resources Inc. plans to cut as much as 5 percent of its workforce to help save at least $75 million as the fund manager faces continued outflows.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.