The downturn in the economy has prompted Putnam Investments of Boston to lay off 256 workers, about four percent of its 6,000 employees, according to a memorandum issued today by Lawrence J. Lasser, Putnam’s CEO and president, to company employees.

The memo was released to the public.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.