Macquarie Bank preparing to cut 10% of workforce
2nd Dec 08, 1:48pm
by
Macquarie Bank is preparing to cut as much as 10% of its workforce globally as it downsizes in line with global market activity, the Australian newspaper has reported. "Institutional brokers have been put on notice that the job cuts would occur this week, while the remaining divisions of the bank have been warned the size of the workforce is under examination," the newspaper reported.
* This article was first published earlier today in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.