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Layoffs Watch ’13: RBS

Stephen Hester is in good company.

Royal Bank of Scotland said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. The part-nationalized British lender said it would focus its markets division on its core fixed income products and would exit all structured retail investor products and equity derivatives.

[Reuters]

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4 Responses to “Layoffs Watch ’13: RBS”

  1. Robert E Diamond, Jr says:

    I've seen this script before.

  2. Guest says:

    There's even more savings if you hire a CEO then lay them off.

  3. John Thain says:

    Hire me!

  4. Outlook Calendar says:

    Recurring Reminder – Thursday @ 12:00 PM

    Post weekly RBS layoff watch

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