Entries tagged "GE Antares"
The sight of a pink slip is worse than coal in your stocking on Christmas morning, but unfortunately that's what many bankers and private equity folks are receiving this holiday season. According to the Labor Department, jobless claims are up 554,000 -- more than 200,000 higher than a year ago. Here is the latest roundup of layoff announcements and rumors at financial services firms....
Bank layoffs are not only hurting Wall Street, but also New York state as a whole. The financial crisis could lead to 225,000 layoffs in New York City, and that could cost the state and city $6.5 billion in tax revenue over the next two years, New York state Comptroller Thomas DiNapoli said to The Associated Press. Compounding the problem for the state, employers expect to slow their hiring over the next three months through March, according to a survey by Manpower. Here are some of the latest financial layoff rumors and reports both in New York and elsewhere....
