More bad news for professionals in the financial industry as more rounds of layoffs are reportedly underway at J.P. Morgan Chase & Co. (NYSE:JPM) , MassMutual, other banks and law firms that focus on the banking industry.
- J.P. Morgan layoffs are apparently happening in Brooklyn, N.Y., Long Island, N.Y., and Phoenix, according to a source. The source said those employees that left prior to April 14 received severance based on years of service. Those employees that leave after April 14 only receive one or two months of severance with no medical.
- MassMutual has just laid off 65 workers, with most of the layoffs occurring in its Boston office, according to Financial Planning.
- Springfield, Mo.-based Great Southern Bancorp (NASDAQ:GSBC) will be laying off more than 50 people at failed Team Bank. Employees of the Paola, Kan.-based failed bank started receiving pink slips Thursday, according to the Fox affiliate in Kansas City, Kan.
- United Arab Emirates firm Hadef Al Dhahiri & Associates, which has rebranded itself as Hadef & Partners, has laid off six capital markets partners working on the banking and finance team, according to The Lawyer.
It's rough out there, but there are jobs to be found. For instance, GMAC Financial Services LLC is on a hiring spree. For the latest job postings, check out TheDeal.com's Career Center. Here is our pick for the day:
Latin American Investment Bankers - Analyst / Associate / VP position in New York
For a roundup of all the announced layoffs to date, check out The Deal's Pink Slips on Wall Street Dealwatch or any of the links below. Also feel free to leave us any layoff tips or rumors you are hearing. - Maria Woehr
(Follow me on twitter or send me tips: @newsgirlmw)
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