Hundreds of fund industry professionals have lost their jobs in recent months, and older employees are likely to account for a disproportionate number of people out of work, recently published data and industry sources suggest.
At the same time, employees with decades of experience typically endure longer periods of unemployment before landing their next job. And those who do find new work often earn less than before.
“There’s definitely a very strong age bias within the [financial services] industry,” says Cara Greene, partner at Outten & Golden, which represents financial service...