The unemployment rate rose to 9.8%, according to the Labor Department and reported by
Bloomberg. The finance industry has been hit hard by layoffs, and unfortunately more happened
this week. The latest reports of layoffs are at NewStar Financial.
NewStar Financial has laid off 14 of its employees, not 29,
peHUB confirmed: " 'Yesterday's cuts included some professionals from its origination team,
a group that now includes 16 people,' Brown said. 'Origination and
credit is a blurred thing these days, with everyone doing everything.' "
Even though several companies are laying off employees, several are also hiring. Check our job opening
pick of the day from The Deal's Career Channel:
Macquarie Capital Advisory Opportunities - VP and below
New YorkFor a roundup of all the announced layoffs to date, check out
The Deal's Pink slips on Wall Street Dealwatch. Also, feel free to leave us any layoff or hiring rumors you are hearing.
- Maria Woehr
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@newsgirlmw or join our
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