Of the 130,000 jobs that have been lost at financial services firms since the middle of last year, most have been at banks and brokerage firms. Mutual fund companies, so far, have held up because they’ve been buttressed by ongoing fees from customers retirement savings. In 2007, fund companies lost only 1.6% of their workforce, or 2,723 jobs.

But with mutual funds having lost $144 billion in the August through October, a growing number of experts believe job losses in the mutual fund industry could become as large as they were in the bear markets of 2001-2002 and 1991-1992, Reuters reports.

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