The layoffs are piling up. The Labor Department announced that the number of
jobless benefits rose by 32,000 to 637,000. Many of those layoffs are in the finance industry. The latest layoff reports and rumors in finance are at MassMutual Financial Group, ING Groep NV (NYSE:ING) and law firm Hunton & Williams, which has a business litigation practice.
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Hunton & Williams laid off 23 associates and counsel and also trimmed 64 staff members, according to AM Law Daily.
- MassMutual may cut more staff in the next four months, according to The Republican.
- ING has already laid off 5,380 of 7,000 employees the company intends to cut. The company will also sell 15 operations to raise capital, which could mean more layoffs, according to the Des Moines Register.
It's rough out there, but there are jobs. Barclays plc (NYSE:BCS) is hiring, according to
Bloomberg.
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:
Law Layoffs: Day Pitney, Willkie Farr and moreFinance Layoffs: Principal Financial and Citizens BankFinance Layoffs: AIG and Westpac BankingFinance Layoffs: Capital One, PNC and J.P. MorganFinance Layoffs: Wells Fargo, GE Money and moreFinance Layoffs: IndyMac and moreFinance Layoffs: Santander's Sovereign and moreFinance Layoffs: Sovereign, Lloyds and more
Finance Layoffs: Bank of Montreal and more
Finance Layoffs: BearingPoint and more
Finance Layoffs: Deutsche Bank, BofA and more
Finance Layoffs: Amex, HSBC, Legg Mason and more
Finance Layoffs: HSBC, Nomura and more
Finance Layoffs: Wells Fargo cuts 150 i-bankers
Finance Layoffs: Lloyds, BofA, Capital One and more
Finance Layoffs: UBS, T. Rowe and Sovereign
Finance Layoffs: HSBC, Downey Savings and more
Finance Layoffs: J.P. Morgan, MassMutual and more
Finance Layoffs: UBS, Hypo and more
Finance Layoffs: Wells Fargo, Citi and more
Finance Layoffs: UBS and MassMutual
Finance Layoffs: UBS and J.P. Morgan
Finance Layoffs: UBS, HSBC and more
Finance Layoffs: AIG, Nat City and J.P. Morgan
Finance Layoffs: Citizens, J.P. Morgan and more
Finance Layoffs: RBS, BofA and HSBC
Finance Layoffs: Law firm pink slips
Finance Layoffs: RBS, Unitas Capital and more
Finance Layoffs: Swiss Re, BofA and more
Finance Layoffs: UBS, J.P. Morgan and more
Finance Layoffs: Societe Generale, BoA and more
Finance Layoffs: Wells Fargo, HSBC and more
Finance Layoffs: UBS and Mitsubishi
Finance Layoffs: Stanford Financial, Pacific Capital and more
Finance Layoffs: UBS to cut 5,000
Finance Layoffs: BofA, Regions, Fidelity and more
Finance Layoffs: Stanford Financial and more
Finance Layoffs: Stanford Financial, BofA and more
Finance Layoffs: Wells Fargo, HSBC and more
Finance Layoffs: Berkshire Hathaway and more
Finance Layoffs: Barclays, BofA and more
Layoff Watch: Morgan Stanley, DLA Piper and more
Finance Layoffs: UBS, Bank of America and more
Finance Layoffs: State Street, BofA and more
Finance Layoffs: Goldman, Morgan Stanley, BofA and more
Finance Layoffs: Northern Trust, First National Bank and others
Finance Layoffs: BofA, Comerica, State Street and more
Finance Layoffs: Cerberus, BofA, J.P. Morgan and more
Finance Layoffs: Wells Fargo, BOA, Barclays and more
Finance Layoffs: Bank of America, Fidelity, Carlyle and more
Pink slips on Wall Street
Finance Layoffs: Barclays, Sun Capital, Wells Fargo and more
Finance Layoffs: Barclays, Citadel, Bank of America and more
Finance Layoffs: Schwab, BOA, Northern Trust and more
Finance Layoffs: BlackRock, BOA, Blackstone and more
Finance Layoffs: UBS, Citadel, GE Antares and more
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
The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more
More bank layoffs announced
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