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Layoffs Watch '13: Citadel


Risk is what you make of it.

Citadel Securities, a unit of Citadel LLC in Chicago, has fired about 10 percent of its staff. Matt Cushman, a senior managing director who joined the firm in 2011 from Knight Capital Group Inc., was among more than two dozen people who lost their jobs, including five last week, according to a person with direct knowledge of the cuts who asked not to be named because the matter is private. The reductions affected between 25 and 30 people, Katie Spring, a spokeswoman for the company, said by phone. The unit now has about 275 employees, she said.



Layoffs Watch '13: Barclays

Earlier this week Barlcays promised not to dawdle when it comes to canning the 2,000 employees slated to be cut. Today employees in Asia got to experience that follow-through in action!

Layoffs Watch '13: Barclays

New CEO Antony Jenkins has apparently been reading the Tarot cards on Barclays and what they're telling him is the bank is about to have 40,000 fewer employees.