Russell Investments Layoffs Job Cut: fires 400 employees

The news is from Russell Investments, which is the major asset management company founded in 1936, is reported to be going for layoffs. The news is not good for the employees of the Russell Investments as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat.
How many employees may be fired in the Russell Investments layoffs?
As per the reports, there are going to be 400 job cuts by Russell Investments. That is around 20% of the total employee strength Russell has globally.

What is the total no. of employees of Russell Investments?
The total no. of employees of Russell Investments is 2000 before the layoffs. Now it is at 1600.

What will be the cost and savings by Russell Investments layoffs?
No info about that.

When will the Russell Investments layoffs happen?
The layoffs are learnt to be already done on Wednesday.

Which locations and department of employees will be affected by the Russell Investments layoffs ?
The headquarters at Tacoma is affected, possibly along with other locations. However, most of the job cuts are for the back-end non-client facing jobs. Very few portfolio managers and research people are affected.

What is the primary reasons for Russell Investments layoffs?
It's all about the worsening market situation, economy, declining sales and no clear site of future revival.

Any other news about Russell Investments layoffs
As per KomoNews, Russell Investments is offering severance packages to the affected employees, but the details are not available about the severance packages.
Let's hope that alternative jobs are available to the affected employees of Russell Investments Layoffs Job Cut