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Invesco plans 1,300 job cuts following OppenheimerFunds takeover

American investment manager Invesco has planned 1,300 redundancies following the takeover of OppenheimerFunds. The job cuts constitute 12% of the…

State Street to slash 1,500 jobs in cost-cutting drive

American asset manager State Street has unveiled plans to cut nearly 1,500 jobs in high-cost locations in a bid to…