Layoff list grows even more from last week (Update 4)
By Daniel at 16 November, 2008, 6:03 pm
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Previous update : ANOTHER BIG WAVE OF LAYOFFS TODAY UPDATE 3
Citigroup and Goldman Sachs are each planning to pare about 10% of their workforce, and a similar cut at J.P. Morgan would mean 3,000 dismissals globally, the report said.
Fidelity Investments plans to cut roughly 1,700 jobs during the first quarter of 2009, as the world’s largest mutual fund manager grapples with the effects of the market meltdown.
Sun made the announcement before the market opened, saying that the cut of 5,000 to 6,000 jobs will save the computer server and software developer about $800 million annually.
BT Group PLC said it would cut 10,000 jobs, or 6.3% of its global work force, by March in an effort to rein in costs.
HSBC Holdings PLC may slash between 300 to 400 HK staff as soon as Monday, the Apple Daily reported Saturday, citing unnamed sources.
Cymer Inc. said it would cut 85, or 8%, of its jobs worldwide and take a $3.2 million fourth-quarter charge for the reduction.
Royal Bank of Scotland is looking to cut 3,000 jobs, U.K. media outlets reported. A spokeswoman at RBS didn’t confirm the job cut plans. The job cuts will come from the global banking and markets workforce and not the NatWest branch networks, the reports said.
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