Layoffs

  • 20 Mar 2014 at 4:08 PM

Layoffs Watch ’14: Deutsche Bank

Zee Germans are mulling over cutting their own, at all levels. Read more »

  • 19 Mar 2014 at 11:45 AM

Layoffs Watch ’14: Bank of America

A small number of employees will be bidding the House of Moynihan adieu today. Read more »

Back in February, Barclays announced that it would be making some changes around the office; specifically, that it would be asking approximately nine percent of the company to pack up their things to leave, for good. According to the FT, a couple more people may want to prepare themselves for an uncomfortable chat in the conference room with HR. Read more »

Earlier this week, Royal Bank of Scotland CEO Ross McEwan announced that he had a new professional goal for himself. “My aspiration is not to run the world’s biggest bank,” he said via video posted on the bank’s website. “My aspiration is to run the best bank in the UK – nothing to do with size.” What role will the men and women who make up Team RBS come in vis-à-vis said aspirations? That’s where this conversation gets awkward. Read more »

  • 19 Feb 2014 at 9:45 AM

Layoffs Watch ’14: BNP Paribas

Cuts are expected to go down at the French bank this week. Read more »

On the heels of the good news that Barclays would be increasing the bonus pool this year, which came on the heels of the bad news that the bank posted a loss for the fourth quarter, comes the not great news that about one in ten of you will be asked to pack your things and leave by the end of 2014. For those of you trying to get a sense of your odds (of being cut), they increase significantly if you happen to be based in the UK. And if you think having the words “managing director” on your business card will save you, think again. Read more »

  • 28 Jan 2014 at 12:57 PM

Layoffs Watch ’14: Barclays

If you’re a junior mistmaker at the bank, consider passing it on to your MD that he/she might want to gird his/her loins. Read more »