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REPORTED · NEWSPublished Dec 28, 2025

T. Rowe Price Group, Inc. Announces Job Cuts as Part of Cost Reduction Strategy

EMPLOYEES AFFECTED
300
SHARE OF WORKFORCE
~3.7%
EFFECTIVE DATE
Oct 1, 2023
300 OF 8,104 EMPLOYEES

What we know

Location: Baltimore, Maryland, USA.

Based on news reporting.

Summary

T. Rowe Price Group, Inc. has implemented job cuts affecting approximately 300 employees as part of a broader strategy to streamline operations and reduce costs. The layoffs were officially announced on October 1, 2023, and are part of the company's efforts to adapt to changing market conditions and improve efficiency. The affected positions are primarily located in Baltimore, Maryland. This decision reflects the company's ongoing commitment to maintaining financial health in a challenging economic environment. T. Rowe Price aims to realign its workforce to better meet future demands and enhance its operational effectiveness.

T. Rowe Price Group, Inc. cut 300 jobs as of October 1, 2023.

That is roughly 3.7% of the 8,104 people T. Rowe Price Group, Inc. employs.

LayoffTalk has tracked 6 layoff events at T. Rowe Price Group, Inc. since October 2023, affecting a combined 1,154 employees.

Comments (1)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

T. Rowe Price Group, Inc. cut 300 jobs on October 1, 2023. If you were part of this round, what was your experience? Others going through it are reading. You can post anonymously below.

SOURCE
News reporting
View original source ↗
T
T. Rowe Price Group, Inc.TROW
Financial Services · 8,104 employees
6
EVENTS TRACKED
1,154
AFFECTED SINCE 2023
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CREATED DEC 28, 2025LAST UPDATED DEC 28, 2025