Those pink slips are piling up in the finance industry, and more could be on the way
if lender CIT Group Inc. (NYSE:CIT) files for bankruptcy. In the meantime, it looks like there are layoffs going down at Citigroup Inc. (NYSE:C).
Citigroup said
it is outsourcing about 500 data-processing jobs in its receivables-management business to First Data Corp., according to Deal Journal. The article also states that First Data may hire some of the displaced employees.
Meanwhile, there is some good news for employees over at J.P. Morgan Chase & Co. (NYSE:JPM). The company said it is done with layoffs in Seattle tied to its integration of Washington Mutual, according to
The Seattle Times.
It's a tough employment market for
financial professionals, but there are
jobs as companies are
hiring. In fact, Societe Generale SA is
hiring 40 bankers, and the SEC
is hiring as well. Here's our
pick of the day from The Deal's Career Channel:
Coverage Banker and Associate 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 or hiring rumors you are hearing. - Maria Woehr
Follow me on twitter @
newsgirlmwAlso see:
Finance Layoffs: Lloyds and Beverly National
Finance Layoffs: GE Capital to lay off 127
Finance Layoffs: Wells Fargo and Advanta
Finance Layoffs: Colonial, DLA Piper and more
Finance Layoffs: Wells Fargo, Stanford and more
Finance Layoffs: 467K jobs lost
Finance Layoffs: Wells Fargo and more
Finance Layoffs: Lloyds, GE Capital and more
Finance Layoffs: HSBC, LSE and more
Finance Layoffs: Jobless claims rise
Finance Layoffs: Barclays and more
Pink slips on Wall Street
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