Wellington Slashes Dozens of Jobs Weeks After Last Round of Cuts

Wellington Management is eliminating dozens of jobs just weeks after the firm started a voluntary redundancy program for a group of employees.

Staff were notified in a companywide email Monday that the Boston-based asset manager will now cut about 1.5% of its 3,000 workers, according to a person familiar with the matter. The reductions will be across departments but won’t affect portfolio managers, the person said, asking not to be identified because the matter is private.

“The active management industry and our clients’ needs continue to change meaningfully, and we are investing in our business and aligning our organization,” Wellington ...