Bank Layoffs
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JPMorgan Chase Announces Layoffs In Feb, More Cuts Expected: Report
American multinational bank, JPMorgan Chase, has started notifying employees of job cuts as part of a series of downsizing efforts throughout 2025, reports said.
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
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Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
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Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
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On Job Cuts, JPMorgan And Bank Of America Cautious Even As Goldman Layoffs Loom
JPMorgan Chase and Bank of America, the two largest US banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month.
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Swedish Bank's CEO Shares Contact Of 600 Cut Staff On LinkedIn, Sparks Debate
Klarna Bank AB's chief executive officer, Sebastian Siemiatkowski, has drawn mixed reactions for publishing a contact list of former employees that the company recently terminated as a part of a cost-cutting campaign.
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GM CEO Call Self-Driving Unit Layoffs 'Prudent', Still Sees Huge Opportunity
General Motors Co's top executive on Friday said layoffs announced a day earlier at the company's self-driving Cruise unit were "prudent" but insisted that she sees a "huge opportunity" for its vehicles to move both people and packages."We see a huge opportunity to move people and that same vehicle is very applicable to package delivery," Chief Exe...
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Europe's Biggest Bank HSBC To Cut 35,000 Jobs
HSBC said it would merge its private banking and wealth businesses, axe European stock trading and cut US retail branches as it seeks to remove $4.5 billion in costs.
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Deutsche Bank CEO Scolds Managers Over Pricey Suit Fittings Amid Layoffs
Deutsche Bank chief executive Christian Sewing was forced to personally rebuke managers who ordered tailors to their London office as thousands of traders were let go Monday, after details of the pricey suit fitting were revealed in the media.
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Time For Indian IT To 'Look inward' To Curtail Layoffs: Industry Body
Assocham has said 60% of the current work done by the Indian IT industry is for global companies in the banking, financial services and insurance sector.
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HSBC Cutting 100 Senior Banking Jobs Globally: Report
The cuts affect bankers at managing director and director level in the lender's Global Banking and Markets division, the sources said, declining to be identified due to the sensitivity of the matter.
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Goldman Sachs To Slash London Presence Due To Brexit: Report
Goldman plans to create a listed company in Frankfurt as the parent of all of its European businesses, a person familiar with the plans told German business daily Handelsblatt.
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What Vishal Sikka Said About Reports Of Layoffs At Infosys
Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.
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JPMorgan Chase Announces Layoffs In Feb, More Cuts Expected: Report
American multinational bank, JPMorgan Chase, has started notifying employees of job cuts as part of a series of downsizing efforts throughout 2025, reports said.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
-
Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
-
On Job Cuts, JPMorgan And Bank Of America Cautious Even As Goldman Layoffs Loom
JPMorgan Chase and Bank of America, the two largest US banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month.
-
Swedish Bank's CEO Shares Contact Of 600 Cut Staff On LinkedIn, Sparks Debate
Klarna Bank AB's chief executive officer, Sebastian Siemiatkowski, has drawn mixed reactions for publishing a contact list of former employees that the company recently terminated as a part of a cost-cutting campaign.
-
GM CEO Call Self-Driving Unit Layoffs 'Prudent', Still Sees Huge Opportunity
General Motors Co's top executive on Friday said layoffs announced a day earlier at the company's self-driving Cruise unit were "prudent" but insisted that she sees a "huge opportunity" for its vehicles to move both people and packages."We see a huge opportunity to move people and that same vehicle is very applicable to package delivery," Chief Exe...
-
Europe's Biggest Bank HSBC To Cut 35,000 Jobs
HSBC said it would merge its private banking and wealth businesses, axe European stock trading and cut US retail branches as it seeks to remove $4.5 billion in costs.
-
Deutsche Bank CEO Scolds Managers Over Pricey Suit Fittings Amid Layoffs
Deutsche Bank chief executive Christian Sewing was forced to personally rebuke managers who ordered tailors to their London office as thousands of traders were let go Monday, after details of the pricey suit fitting were revealed in the media.
-
Time For Indian IT To 'Look inward' To Curtail Layoffs: Industry Body
Assocham has said 60% of the current work done by the Indian IT industry is for global companies in the banking, financial services and insurance sector.
-
HSBC Cutting 100 Senior Banking Jobs Globally: Report
The cuts affect bankers at managing director and director level in the lender's Global Banking and Markets division, the sources said, declining to be identified due to the sensitivity of the matter.
-
Goldman Sachs To Slash London Presence Due To Brexit: Report
Goldman plans to create a listed company in Frankfurt as the parent of all of its European businesses, a person familiar with the plans told German business daily Handelsblatt.
-
What Vishal Sikka Said About Reports Of Layoffs At Infosys
Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.
