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Layoffs At Big Banks: A Tally
Topics:Banking
Sectors:Financial Services | Banks
A look at job cuts announced in recent weeks by U.S. banks:
- Citigroup [C
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] said Friday it is reducing its workforce by another 9,000, after announcing 4,200 job cuts in January. - Merrill Lynch [MER
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], the world's largest brokerage, on Thursday said it would cut 3,000 jobs in addition to the 1,000 jobs previously announced. - JPMorgan Chase [JPM
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] said Wednesday there would be staff reductions at both JPMorgan and Bear Stearns [BSC
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] as JPMorgan completes its acquisition of the investment bank, but would not specify how many. Bear Stearns has already eliminated about 2,000 jobs since last year. - Washington Mutual [WM
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] said on April 8 that it plans to lay off about 3,000 workers.
© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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COMPANY : Bear Stearns Companies Inc




