Bank of New York Mellon has introduced a fairly massive layoff by announcing a reduction in force of almost 5% of their staff eliminating 1,800 employees jobs.
The bank acquired a financial company, which quite possibly was a smoking gun for why they're having underperformance and resorting to layoffs like all their sector buddies. New York high-end excesses is going to be a ghost town over the next couple of years.
Related:
Citi Under Siege: Citigroup Announced Layoffs Larger Than Expected
Lost Golden Boys: Goldman Sachs to cut 10%
Finance sector layoffs? Predictable as the sun rise.
Showing posts with label Bank of New York Mellon. Show all posts
Showing posts with label Bank of New York Mellon. Show all posts
Friday, November 21, 2008
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