Layoffs Watch '16: Nomura Planning To Ask A Number Of Employees To Join HR In The Conference Room

And not for a congrats on a job well done.
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The bank is considering freeing up a whole lot of desk space in the U.S. and Canada. Cherish each and every one of your late night Seamless; you never know which one will be your last.* (*At this specific location. Surely there are many more Seamless orders in your future at a cubicle unknown.)

Nomura Holdings Inc. may dismiss about 20 percent of its workforce in North America, according to people with knowledge of the situation, joining a growing number of competitors shrinking Wall Street operations amid a trading slump. Decisions aren’t final, and the ultimate number could still differ, said the people, who asked not to be identified discussing internal deliberations. One senior manager said reductions could be expanded to affect as much as 30 percent of the region’s staff.

Nomura Said to Plan Cutting About 20% of Staff in North America [Bloomberg]

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Layoffs Watch '12: Nomura

The company is still in the firing phase of the rebuilding process. Nomura Holdings cut a team of London proprietary traders focused on stocks as Japan’s largest brokerage scales back in Europe, said two people with knowledge of the matter. The group of about five traders was part of Nomura’s Angel Lane Principal Strategies, a unit that makes speculative wagers on markets with capital provided by the Tokyo-based bank, according to the people, who declined to be identified because the job cuts haven’t been announced. The team departing this week was led by Anthony Medina, a volatility trader who used options to bet on fluctuations in the prices of stocks, the people said. The departures are part of Nomura’s plan to reduce costs by $1 billion, with almost half the savings coming from Europe. The revamp in strategy follows a four-year struggle to build a business overseas following the purchase of Lehman Brothers Holdings Inc.’s European and Asian units in 2008. Nomura Said To Cut Team Of Proprietary Traders Focused On Stocks [Bloomberg]