Brown Brothers Harriman & Co., an investment management and financial advisory firm, has informed the Colorado Department of Labor that it will shut down its office in Centennial.
A total of 136 employees will lose their jobs, with separations taking place between Nov. 25 of this year through Sept. 30 of next year, the company told the state in a letter mandated under the Worker Adjustment and Retraining Notification Act.
WARN notices are required when a firm has 100 or more employees and lets 50 or more people go.
“This action is expected to be permanent,” the company said
Among the positions being cut are operations specialists and analysts, fund accountants and legal analysts. Because employees are not covered by a union, they are not subject to “bumping” rights, which would allow them to claim available jobs at other locations.
Brown Brothers Harriman is based in New York and has 18 locations around the globe. It manages $55 billion in assets and has more than 6,000 workers, according to its website.
