Dow Jones
DENVER Janus Capital Corp., the Denver fund firm, plans to cut 468 jobs, a spokeswoman said Friday.
The cuts will be in investor communications, operations, training, and support services.
The jobs are no longer needed because of technological upgrades, Web site enhancements, and fewer open mutual funds at Janus, which has reduced overall call volumes from mutual-fund shareholders.
About half the positions to be eliminated are in Denver; the rest are in Austin, Tex. Janus investment staff and the fund managers will not be affected, according to the company.
In a press release, Margie Hurd, president of Janus Service Corp., said, Weve started to realize significant operating efficiencies, which has inevitably resulted in the elimination of some positions within Janus operations unit.
