job cuts

The London-based lender cut around a dozen bankers across its investment banking division in Asia on Tuesday.

The bank reduced some overlapping roles in the past months and further cuts are expected through November.

While analysts estimate that profits for S&P 500 companies may fall by 8%, they also see it as the low point.

GoTo says “it must accelerate its progress towards becoming a truly sustainable and financially independent business"

The reductions are a resumption of Goldman’s annual culling cycle

Globally, banks announced almost 80,000 job cuts last year -- the most since 2015.

(July 9): Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($11.3 billion) “reinvention” that will lead to yet another annual loss, a plan that knocked its already battered shares.

LONDON/DUBAI (Dec 3): Standard Chartered Plc is cutting jobs in Dubai and key markets including Singapore as it looks to curb expenses, people familiar with the matter said.

NEW YORK (May 23): Trading firm KCG Holdings Inc., which Virtu Financial Inc. is buying for more than US$1.3 billion ($1.8 billion), is eliminating 10% of its staff and shutting offices in Singapore and Mumbai, according to a person familiar with the ma

(May 22): Cathay Pacific Airways said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices.