Principal Financial to Cut 220 Jobs

Principal Financial Group is eliminating 220 jobs in its fourth round of layoffs since December.

The layoffs primarily target the firm’s Des Moines, Iowa headquarters, where 140 have been issued layoff notices. Another 80 were let go across 40 locations nationally. The layoffs take affect June 17th.

The company eliminated 75 jobs in April, 60 in March, and 550 in December.

The Principal Financial Group is a global financial services provider, and is the US leader in 401(k) plans. The company has more than 18 million customers worldwide. As of December 2006, assets under management exceeded $282 billion. It was ranked 261st in the Fortune 500.

Career Connect (From our other career blogs):

Employment News (Sponsored by EmploymentSpectator)
Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
Layoff News (Sponsored by LayOffWatch)

Testimonial of the Week

EmploymentCrossing was helpful in getting me a job. Interview calls started flowing in from day one and I got my dream offer soon after.

Jeremy E Greenville, NC

+ Read More Testimonial

Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.