AllianceBernstein to Embrace Layoffs as AUM Falls Big Time in 2022
Posted on 02/14/2023
Like other U.S. traditional asset managers, AllianceBernstein Holding LP disclosed a drop in assets under management (AUM) for the period ending December 31, 2022, falling down to US$ 646.4 billion. The asset manager has culled around 4% of its employee base to improve profits. AllianceBernstein experienced a 17% decline in AUM from December 31, 2022…
