Layoffs Watch '15: Macquarie

The bank is set to ask half its bankers in Asia to clear out their desks.
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The new vision of the firm reportedly involves 50% fewer bankers in Asia.

Macquarie Group Ltd. plans to cut about half of its investment-banking workforce in Asia as Chief Executive Officer Nicholas Moore reshapes the firm, people familiar with the matter said. About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified because the decisions are confidential.

Macquarie Said to Cut Asia Banking Workforce as Deals Fizzle [Bloomberg]

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