Aug. 19, 2002 — Putnam Investments has cut 32 jobs, including that of Sheldon Simon, a portfolio manager on Putnam Small-Cap Value Fund (PSLAX), according to company spokeswoman, Nancy Fisher.
“The job cuts were made across the board at Putnam,” the spokeswoman said. With a total of about 5,700 employees, the reductions amount to less than 1% of the company’s total work force.