Legg Mason cuts 20 Baltimore jobs
Baltimore money manager Legg Mason Inc. has eliminated 20 workers in mutual fund administration roles at its Light Street headquarters. Two more workers were affected at Legg's New York office as the company consolidates those functions, Legg spokeswoman Mary Athridge said Friday.Legg's work force, which includes its headquarters in Baltimore and its subsidiaries, has lost 565 people, or 13 percent, since September.
MassMutual aims to hire 30 agents
MassMutual is looking to hire 30 people to sell its insurance, annuity and retirement products in the Baltimore region, the insurance company said Friday. Agents will receive a base salary and commission as well as benefits, said Staasi Heropoulos, a company spokesman. Heropoulos said the company is seeing increasing demand for its products as consumers look for "a safe haven for their investments."