Layoffs Watch '15: Standard Chartered Has A Three-Year Plan
...it involves unburdening itself of 5-figures worth of employees.
Everyone will play a part, though some of those parts will center around cleaning out your desk and moseying on out of the building, forever.
The Asia-focused bank on Tuesday unveiled a major overhaul of its operations, pledging to issue $5.1 billion of shares and cut 15,000 jobs over the next three years. The plans, which include restructuring around a third of its balance sheet, come as the bank tries to stem a collapse in its share price spurred by a commodities price fall and a Chinese economic slowdown.
