Ariel Investments LLC is laying off about 20% of its staff after recent poor returns forced a retrenchment at the Chicago mutual fund manager founded by John W. Rogers Jr.
Mr. Rogers said 19 employees are being let go -- the first such cutback in the firm's 25-year history. The most senior casualty is Controller Yvonne Towers, he said. Most of the layoff victims were hired within the last two to three years.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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