Financial services companies are still doling out the pink slips. The latest rumors and reports of layoffs are at Lloyds Banking Group plc (NYSE:LYG), VTB Group and GE Capital Corp.
- Lloyds may lay off 2,100 employees. The company will cut about 1,400 jobs in Group Operations and 700 positions in wholesale banking. All of the positions are in the U.K, according to Bloomberg.
- VTB Group could chop 1,000 jobs at its retail banking
operations, according to The Moscow Times.
- GE Capital laid off 127 employees at a Bedford operation and will continue staff reductions through mid-September, according to The Star Telegram.
It's a tough employment market for
financial professionals, but there are
jobs as companies are
hiring. In fact, Barclays Capital and Bank of America Corp. (NYSE:BAC) are
reported to be hiring. Here's our
pick of the day from The Deal's Career Channel:
Senior Associate - Investment Banking - Chicago
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 @newsgirlmw
Also see:
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this type of job cuts may lead to further unemployment and hence it will increase pressure on government.