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Sunday, November 8, 
1:35 am

Finance Layoffs: Wells Fargo and more

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pinkslips_transparent_125x100.gifReports indicate layoffs are slowing. U.S. private employers cut 473,000 jobs in June, according to ADP Employer Services, and, based on numbers released by consultancy Challenger, Gray & Christmas, planned job cuts announced by employers totaled 74,393 in June, according to CNBC.

Even though layoffs may be down, there are still announcements. The latest rumors and reports of layoffs are at Wells Fargo & Co. (NYSE:WFC), Chrysler Financial and Pamrapo Savings Bank/BCB Community Bank.

  • Wells Fargo servicing center for auto financing has cut around 50 jobs, according to Inside Bay Area.
  • Pamrapo Savings Bank is merging with BCB Community Bank. No word on layoffs yet, according to NJ.com.
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:


Associate, Investment Banking at Morgan Stanley 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 @newsgirlmw

Also see:

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