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Investment management firm to cut 850 jobs in Denver-area office

Monica Vendituoli
Investment management firm to cut 850 jobs in Denver-area office

Atlanta-based investment management firm Invesco, which is in the process of acquiring New York City-based global asset management firm OppenheimerFunds, will be laying off 850 employees at the OppenheimerFunds’ Centennial office, Invesco spokeswoman Jeaneen Terrio said Friday. “The job eliminations are intended to reduce overlap and achieve the $475 million dollar cost synergy target,” Terrio told Denver Business Journal.