The Deal
Sunday, November 8, 
6:11 am

HSBC slashes jobs

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Pink_Slip_transparent.gifIt looks like there will be even more pink slips on Wall Street. HSBC Holdings plc is the latest bank to announce layoffs due to economic conditions. The bank is laying off 1,100 jobs in its global banking and markets division worldwide.


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Half of the jobs are based in the U.K., 100 are based in Hong Kong, and the rest are in the U.S. and European offices. HSBC employs a total of about 335,000 globally. The bank has written down losses of $18.7 billion since the start of the global credit crunch last year.

These are trying times for bankers, and Dealscape and Corporate Dealmaker have the latest on layoff announcements, information on transitioning careers, advice from recruiters and job postings. Here is a preview of some of the most recent job postings on TheDeal's Career Center.  - Maria Woehr


Dealwatch Career Watch

Date Posted Jobs

09.26.08

Operational Risk Quantitative Assoc. in New York City

09.25.08

Senior Project Finance Manager in New York City

09.25.08 Investment Banking Associate in New York City

09.25.08 M&A Analyst in New York City.

09.25.08 Senior Partner at PE firm in California

09.24.08 Private Equity Associate / VP / Director in New York City

09.24.08 Valuation Review Analyst in New York City

Source: The Deal




Comments

From: Janet Kennedy,

Despite the stats, I still see thousands of high paying jobs posted on employment sites -

www.linkedin.com (networking)
www.indeed.com (aggregated lists)
www.realmatch.com (matches you to jobs)

I see 75K, 125K and 150K jobs


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