Both are expected to go down shortly. Read more »
The Brits are said to have alerted some staff that their services are no longer required at the bank. Read more »
No more long, dragged out firings. No more dread-filled days wondering if HR is coming for you and, if so, when. If you’re a Barclays employee set to be canned, you’re getting canned A-SAP. Read more »
Morgan Stanley may be done showing people the door but State Street is just getting started.
SSC said today that it would cut 630 jobs in a conference call and filing larded down with jargon to soften the fact that it’s canning 2% of its staff. The result, according to CEO Joseph Hooley, will be a “leaner, more efficient, and more profitable enterprise,” even after one takes into account the roughly $220K a head it will cost to lay people off. Read more »
Cuts are said to be going down in New York. Read more »
Cuts are expected to go down in Asia. (Update: and elsewhere!) Read more »