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Published December 12, 2008 at 8:47 AM
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 More tough news for bankers as the layoff announcements continue. A total of 92,260 job cuts have been announced at major investment banks since October. Earlier this week financial services firms had already announced 220,506 job cuts so far this year, according to Challenger, Gray & Christmas. Fresh layoff announcements are adding to that number. Here are some of the the latest.
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- BlackRock Inc. is cutting 500 jobs worldwide.
- Fidelity Investments is cutting nearly 3,000 jobs right after the new year.
- Legg Mason Inc. is axing around 200 jobs.
- Bank of America Corp. said job cuts may grow to 35,000 after its purchase of Merrill Lynch & Co. BofA already announced it will began
laying off employees in their U.S. equity research departments.
- Blackstone Group LP plans to cut 70 jobs as
profits from leveraged-buyouts decline.
- Goldman Sachs Group Inc. is altering its retirement rules as it restructures its work force and could therefore possibly help reduce headcount by more than the 3,000-plus it intends to lay off.
- Bank of New York Mellon Corp. plans to lay off
4% of its work force, or 800 people.
- J.P. Morgan Chase & Co. started announcing layoffs from its acquisition of Washington Mutual Inc. The bank announced
it will cut 300 employees at its operations in Melbourne, Fla., and 500
jobs from the Washington Mutual Inc. mortgage-processing operation in Florence, S.C.
- Chase Bank FSB will cut 270 jobs in its home equity group in Milwaukee.
- Trust One Bank plans to lay off 11 employees.
- Lincoln Financial Distributors Inc., a division of Lincoln Financial Group, laid off as many as 3% of its employees nationwide.
It is a difficult time right now, but there are firms hiring. Morgan Stanley's global wealth management group recently recruited about 115 financial advisers. Check out TheDeal.com's Career Center for the latest postings. - Maria Woehr
For more read the following: Finance Layoffs: UBS, Citadel, GE Antares and moreBank Layoffs: Credit Suisse, State Street, Carlyle and more
Merrill Grinch: Layoffs and other bad tidings before Christmas
Bank layoffs: J.P. Morgan, Goldman Sachs, Standard Chartered and more
Layoff roundup: WaMu, Barclays and BoNY
The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more
More bank layoffs announced
Another round of bank layoffs
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