Per KCCI.....
BREAKING NEWS: Principal Financial Cuts 550 Jobs - Des Moines News Story - KCCI Des Moines
Des Moines-based Principal Financial Group Inc. said Tuesday that it is cutting 300 jobs at its headquarters and around 250 in 45 other locations.
The insurance, banking, retirement and asset management company on Tuesday blamed the cuts on continued deterioration of U.S. and global markets.
The cuts represents about 3.5 percent of Principal's workforce.
BREAKING NEWS: Principal Financial Cuts 550 Jobs - Des Moines News Story - KCCI Des Moines
Des Moines-based Principal Financial Group Inc. said Tuesday that it is cutting 300 jobs at its headquarters and around 250 in 45 other locations.
The insurance, banking, retirement and asset management company on Tuesday blamed the cuts on continued deterioration of U.S. and global markets.
The cuts represents about 3.5 percent of Principal's workforce.