American Century, who sells Mutual Funds, is reducing its staffing levels by 270 jobs or just over 15%.
This will hit middle America hardest where most of the hits will be in Kansas City and a handful in Silicon Valley. It is not the most surprising layoff given the sector that their business operates.
This layoff comes after 90 employees went under the gun in May. Remember this point, since this blog has often said the reduction in consumer confidence and actual spending is not only impacted by those who go under job loss, but also the remaining employees wonder when the round two or the round three bell rings and whether it will be their time to hit the mat.
American Century is headquartered in Kansas City, MO.
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