Finance Layoffs: JWM Partners, MetLife and more

Bad news for bankers this Wednesday. The latest rumors and reports of layoffs are at JWM Partners LLC and MetLife Inc. (NYSE:MET), while some other firms are finding alternatives to layoffs.

• JWM Partners, a hedge fund, is closing its main Relative Value Opportunity II fund, according to Bloomberg.
• MetLife sales offices have laid off several employees in the New York tristate area. More layoffs will happen at the end of the month, according to Layoff Tracker.
• Meanwhile, law firm Cadwalader, Wickersham & Taft LLP is letting 34 lawyers from the capital markets and real estate finance groups accept a one year sabbatical instead of being laid off, according to Above the Law.

 

It's a tough employment market for financial professionals, but there are jobs as companies are hiring. In fact, Barclays plc (NYSE:BCS) and Aladdin Capital are just a few companies hiring. Here's our pick of the day from The Deal's Career Channel:

VP, Project Manager in Prime Brokerage Operations at BNP Paribas in New Jersey

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 

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Also see:

Finance Layoffs: Wells Fargo, Stanford and more

Finance Layoffs: 467K jobs lost

Finance Layoffs: Wells Fargo and more

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Finance Layoffs: Jobless claims rise

Finance Layoffs: Barclays and more

Pink slips on Wall Street

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