Share price has fallen 50% this year on darkening outlook and rise of cheaper alternatives

Investment manager Janus Henderson set to cut 100 jobs


Investment manager Janus Henderson will cut staff numbers by up to 5 per cent as part of efforts to reduce costs under the leadership of new chief executive Ali Dibadj.
Staff will be officially notified of the job losses on October 18, according to people familiar with the details, with 100 people in the company’s more than 2,000 strong workforce set to be affected.
“Janus Henderson confirms it will seek to reduce its operating costs to reflect the impact of volatile markets and to sharpen the focus on the firm’s future growth opportunities. The reduction will include both non-compensation related areas and a reduction in headcount this year,” the company said.
This story originally appeared on: Financial Times - Author:Adrienne Klasa