The layoff tempest may have dozed a few days, but it is awake and churning the seas again:
- Harley-Davidson Financial Services Inc. has laid off 100 employees, according to Layoff Tracker. Harley-Davidson Inc. (NYSE:HOG) put the unit on the block July 16. (Subscribers to The Deal Pipeline may read more on the sale here.)
- Cutbacks loom at MetLife Inc. (NYSE:MET) following the consolidation July 14 of its institutional and individual units. When asked by the CoStar Group if the move would bring about cutbacks, firm spokesman John Calagna said that MetLife is "always looking for ways to become more efficient and eliminate redundancies, so we can't rule out layoffs." As we noted July 8, MetLife's sales offices have laid off several employees in the New York tristate
area, and more layoffs are expected at the end of the month.
In hiring news, firms are gearing up to bring on more commodities traders and are prepared to pay them more than in recent years, according to
Reuters. "The actual number of hires is unlikely to match the pace seen during the commodities super-cycle from 2003 to 2008," the wire service says, but compensation could be as high as $1.5 million annually.
Our
pick of the day from The Deal's Career Channel:
Quantitative Strategist at The Hagan Ricci Group in New YorkFor 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.
- Sara Behunek
Also see:
Finance Layoffs: Citigroup to lay off 500
Finance Layoffs: Lloyds and Beverly National
Finance Layoffs: GE Capital to lay off 127
