Layoffs

According to a report from Reuters, SAC Capital has laid off “a dozen marketing and sales people,” a move that makes sense in light of the fact that the firm is fast headed towards family office status, leaving little/no need for staffers to pitch outside investors. (The ones who held onto their jobs were presumably retained to target the couple of Cohens who need convincing.) In related news, Millenium Advisors has crossed a line in the sand. Read more »

  • 09 Sep 2013 at 12:03 PM

Layoffs Watch ’13: Comac Capital

The UK firm’s decision to cut 1/3 of its staff is said to be part of a “strategic” plan to stop losing money. Read more »

  • 21 Aug 2013 at 1:34 PM

Layoffs Watch ’13: Wells Fargo

A couple thousand employees have bid the company and its mascot (a stage coach) adieu. Read more »

Get a jump on packing up your belongings, because according to Whitney, 100,000 of you are done here. Read more »

  • 28 Jun 2013 at 5:39 PM

Layoffs Watch ’13: Bank of America

Cuts have gone down at the House o’ Moynihan. Read more »

  • 13 Jun 2013 at 12:09 PM

Layoffs Watch ’13: RBS

Stephen Hester is in good company. Read more »

  • 13 Jun 2013 at 9:15 AM

Layoffs Watch ’13: JP Morgan

The House of Morgan is about to have to have some pissed off people in upstate New York and the west coast of Florida on its hands. Read more »

  • 04 Jun 2013 at 1:47 PM

Layoffs Watch ’13: Gleacher & Co

G&C announced this morning it’s given the investment banking business the heave-ho. Read more »