LayoffBlog.com

December 3, 2008

State Street to cut up to 1,800 jobs

According to AP: “State Street Corp. on Wednesday said it will cut 1,600 to 1,800 jobs, or 6 percent of its global work force, between now and the end of the 2009 first quarter, in an effort to reduce operating costs.

The investment services company will reduce its staff mostly by consolidating middle and senior management ranks, it said after the market closed. Most of the cuts will be in North America, with the rest in Europe and the Asia-Pacific region.”

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: