Asset managers are trimming their ranks amid relentless pressure on fees and to become more efficient. Older workers with higher salaries can often be top targets during layoffs — and such workers also typically have longer periods of unemployment before landing their next job, data and industry sources suggest. However, George Wilbanks comments that “Many firms have been flattening their sales organizations in recent years, and there are simply fewer high-paying sales jobs… That has nothing to do with age.” By Beagan Wilcox Volz
