Recent cutbacks made at Janus of Denver highlight the change underway in how investors and mutual fund companies interact. On Feb. 2, Janus announced that it was eliminating 468 jobs from Janus Service Corporation, the firm's operational unit. That represents 22 percent of the unit and 16 percent of Janus' overall workforce, according to Shelley Peterson, a spokesperson for Janus.
Almost all of the cutbacks are in jobs related to telephone and mail communications. Janus' investment team was not affected by the layoffs.