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Waddell & Reed to cut 219 jobs

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Kansas-based Waddell & Reed Financial Inc. informed the state it plans to cut 219 positions at its headquarters in Overland Park.

Company officials said the job reductions are directly tied to its $1.7 billion sale to Macquarie Asset Management. The acquisition was announced in December.

"All affected employees will be eligible for comprehensive financial and non-financial severance benefits, including continued subsidized health care and outplacement services to assist them in securing new jobs," Waddell & Reed officials said in a statement.

Read more from the Kansas City Business Journal.

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