Morningstar Slashes Dozens of Sustainalytics Jobs in April
What’s going on at Morningstar?
Morningstar has reportedly scaled back its Sustainalytics workforce by six per cent, or approximately 80 jobs.
“While this step was not taken lightly, it is necessary to ensure long-term strength and resilience,” a spokesperson told Responsible Investor.
The reduction comes as the financial services firm navigates “ongoing market challenges.”
Morningstar had a 40 per cent take in Sustainalytics in 2017, before acquiring all remaining shares in 2020.
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Impact on Canadian staff
It’s unclear if any Canadian members of Morningstar’s Sustainalytics division have been let go.
According to LinkedIn, the department employs more than 100 people in the country.
If you’re a non-unionized employee, check out our Morningstar Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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