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The 'agile' buzzword is always the biggest red flag. I remember hearing that exact same language right before the last round of cuts. It’s never about actual efficiency; it’s about making the headcount reduction look like a strategic pivot rather than a panic move to fix the bottom line. If your lead is already talking about resource shifts, trust your gut. Keep your resume updated and start networking outside the firm now. Transparency at this level is non-existent until the severance packages are already printed, so don't wait for a direct answer from leadership.
Honestly, the writing has been on the wall for a while. T. Rowe used to have a very different culture, but the focus has shifted entirely toward cutting costs to appease the street while fund performance takes a backseat. It’s painful to watch flagship strategies struggle while management stays vague about the 'new operational model.' At this point, most of us are just waiting for the other shoe to drop. If you feel like your role is becoming redundant, you are probably right. Don't fall for the corporate optimism—look for an exit before the market forces their hand.