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Putnam plans to lay off 78 local employees

By Beth Healy

 |  Globe Staff  

  January 05, 2012

Putnam Investments plans to lay off 78 employees in the Boston area, or 4.5 percent of its workforce, in the wake of last year’s volatile markets. The Boston mutual fund firm said the job cuts were mainly in operations, and did not involve investment staff. Before the layoff, which employees learned about today, total headcount at Putnam was 1,767. In a statement, a Putnam spokesman said that the company was making the reductions “as part of an effort to realign corporate resources.”

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