More bad news for those working in the finance industry this Monday. The latest rumors and reports of layoffs are at Bank of America Corp. (NYSE:BAC), Citizens Bank and Butterfield Bank.
- Bank of America is cutting 50 jobs in the claims department at a Fort Lauderdale, Fla., location, according to Sun Sentinel. The layoffs will begin Oct. 25.
- Some employees at Citizens Bank in Rhode Island will receive layoff
notices this week as its parent company, Royal Bank of Scotland Group plc (NYSE:RBS), continues to restructure. The layoffs, which will affect mostly back-office and support personnel, will take effect in 60 days, according to The Providence Journal.
- Butterfield Bank's Bahamas division laid off six employees last week, according to The Nassau Guardian.
Even though financial institutions are still laying off employees, several are also hiring. Check our job opening
pick of the day from The Deal's Career Channel:
Business Development at Macquarie 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.
- Maria WoehrAlso see:
Finance Layoffs: Lloyds Banking and moreFinance Layoffs: UBPFinance Layoffs: Bank of America and D.E. Shaw
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