Like many financial companies, Putnam Investments has been struggling over the past three years, and the disappointing results have taken its toll on employee morale. "Everyone is demoralized by the many rounds of layoffs and firings over the past few years," notes on insider. "Also, the number of people leaving the company has been greater than admitted." "Work in my area is mismanaged," says another employee, an eight-year veteran of Putnam. "I learned that the first item any new project has is a fixed budget, which is just a wild guess done by a mana......

More...