More mutual fund job cuts; Legg seeks deals

Putnam cuts another 100 employees; Legg Mason looks for firms to buy

by Joseph DiStefano

Published Dec. 10, 2009, 9:32 a.m. ET

Boston-based mutual funds giant Putnam Investments is laying off another 100 workers, bringing this year's cuts to 400 and leaving 1,800 employed, reports the Boston Herald here.