Unfortunately there are more layoff reports at Capital One Financial Corp. (NYSE:COF), PNC Financial Services/National City (NYSE:PNC) and J.P. Morgan Chase & Co. (NYSE:JPM). However, there is some positive news. It looks like layoffs are slowing down. According to Labor Department data, new unemployment claims declined for a fourth straight week to a seasonally 601,000 -- the lowest reading since late January. An
estimated 491,000 workers were laid off last month, according to ADP Employer Services Wednesday, and another employment
report by Challenger, Gray and Christmas on Wednesday showed that U.S. companies planned 132,590 layoffs in April.
- Capital One s eliminating 66 jobs in its U.S. credit card customer
operations at its offices in Goochland County, Va., according to The Richmond Times-Dispatch.
- Officials with National City said some workers have been told that they will soon be out of a job. An exact number was not provided. It is estimated that 5,800 workers will lose their jobs as PNC and National City merge operations, according to WHIOTV.com.
- J.P. Morgan is closing its centralized check-processing operations in Miami and laying off 55 employees, effective July 2, according to the South Florida Business Journal.
It's rough out there, but there are jobs. Bank of America Corp. (NYSE:BAC)/Merrill Lynch is apparently
hiring, according to The Wall Street Journal.
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 or hiring rumors you are hearing.
- Maria Woehr
(Follow me on twitter or send me tips: @newsgirlmw)
Also see:
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Finance Layoffs: J.P. Morgan, MassMutual and more
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Finance Layoffs: UBS and MassMutual
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Finance Layoffs: Law firm pink slips
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Finance Layoffs: Wells Fargo, HSBC and more
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Finance Layoffs: Stanford Financial, BofA and more
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Finance Layoffs: Barclays, BofA and more
Layoff Watch: Morgan Stanley, DLA Piper and more
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Pink slips on Wall Street
Finance Layoffs: Barclays, Sun Capital, Wells Fargo and more
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Finance Layoffs: BlackRock, BOA, Blackstone and more
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Bank 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
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More bank layoffs announced
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