Tower Research Capital's Mark Gorton will become chairman and let a newly-formed board handle things going forward, like reportedly laying of 50 engineers.
These low interest rates are having an impact over at Schwab HR.
An insider tells us that The Stagecoach is asking non-customer facing telecommuters to uproot their lives or find a new job.
Is Uber aware of permalancers?
Everyone else is doing it, so now Michael Corbat is too.
The Deutsche Bank layoffs are going as well as we thought.
The whole cutting-things-to-the-bone-and-firing-everyone-before-lunch thing totally would have worked seven years ago. Now? Maybe not so much.
You would think that someone in HR would be a little more sensitive to that number right now, but also this is Deutsche Bank.
The Age of Denial is over and the Deutsche Bank we know is truly dead.
How does Christian Sewing have 20K people left to lose?
Paul Achleitner has created a situation in which he feels that he can't afford to fire the chief of his failing investment banking unit.
Deutsche Bank now openly contemplating what an investment bank looks like without investment bankers.
In fairness, it seems like they have a point.
We hear that HQ is calling for a 5% cut across all groups.
Mmm, the smell of pink slips wafting in from Battery Park City on the warming air.
20-year veteran and head of program is thought to be the latest victim of DJ D-Sol and John Waldron's trading floor megadeath.
This is getting very dark, very quickly.
The bank tells Bloomberg that it isn't mulling over layoffs, which makes us wonder "why not?"
BriMo would like everyone to know that he might run a bank, but he fired an airline.
Tim Sloan seeks "efficiency," and he'll do whatever it takes to find it.