With its revenue falling 94% in the third quarter, Marsh & McLennan announced Tuesday that it will lay off 3,000 people, or 5% of its workforce, including roughly 750 people at Putnam Investments and Mercer, its human resources consulting unit.

The firm announced third-quarter net income of $21 million, or 4 cents a share, down from $357 million, or 65 cents a share, a year earlier.

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