Layoffs Watch '15: Standard Chartered Has A Three-Year Plan - Dealbreaker

Layoffs Watch '15: Standard Chartered Has A Three-Year Plan

...it involves unburdening itself of 5-figures worth of employees.
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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.

Standard Chartered Plans Capital Raising, Job Cuts [WSJ]

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