The jobs report showed 247,000 jobs
were cut in the U.S., which means fewer workers were laid off then expected. There are, however, more layoff announcements in the finance industry Friday.
The latest layoff reports and rumors are at Wells Fargo & Co. (NYSE:WFC), Taylor Bean & Whitaker, American International Group Inc. (NYSE:AIG) and AXA (NYSE:AXA).
- Wells Fargo may lay off around 300 people that were hired to process home mortgages
applications in Billings, Mont. Layoffs are expected to go down Aug. 13, according to the Billings Gazette.
- Taylor Bean & Whitaker shut down, putting 5,000 jobs at stake, according to the Mortgage News Daily.
- AIG will close its locations in Tokyo and Hong Kong in the financial products division. Layoffs are expected during the third quarter this year.
Even though several financial institutions are laying off employees,
several such as Barclays plc (NYSE:BCS) and Standard Chartered plc
are hiring. Also, check our job opening
pick of the day from The Deal's Career Channel:
Investment Banking Associate - Oil & GasFor 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 at @newsgirlmw
For more see:
Hiring: Goldman Sachs, Fifth Third, Wells Fargo
Hiring: Lazard, BofA and more
Hiring: Barclays is hiring 1,000
Finance Layoffs: Bank of America and Metropolitan Hiring: Standard Chartered is hiring 300
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