Planned job cuts by U.S. employers decreased to 76,456 in August,according to a report by Challenger, Gray & Christmas, Inc.
Reuters reported. However, several regional banks are still passing out the pink slips. The latest banks to reportedly plan layoffs include M&I Bank, Bank First National and St. Stephen State Bank.
- M&I Bank is planning on laying off 154 employees in Appleton, Wis., by Nov. 2., according to The Post-Crescent
- Bank First National will close two branches in Plymouth, Wis., resulting in layoffs, according to the Sheboygan Press
- St. Stephen State Bank may be planning layoffs. The Federal Deposit Insurance Corp. issued St. Stephen State Bank a cease-and-desist order in June, and the bank is determining how to restructure and cut costs, according to sctimes.com
Even though several financial institutions are laying off employees, several are also hiring. Check our job opening
pick of the day from The Deal's Career Channel:
Vice President-Investment Banking at Morgan Stanley 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 Woehr
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