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BarCap to Cut 2.4%, 600 Staff Worldwide - Finance and Accounting Jobs News and Advice
Early last month, the bank told hundreds of its U.K. employees that they would be cut via a consultation process, wherein a company is legally required to tell fired employees three months in advance of a layoff.
A New York-based worker at the bank said management had booked a number of conference rooms for a round of announcements earlier this week. But those reservations were canceled when a snowstorm dumped about nine inches of snow on Manhattan Tuesday night and Wednesday morning.
Another, more senior source at the bank said this morning that the cuts would be announced by the end of the week.
Early last month, the bank told hundreds of its U.K. employees that they would be cut via a consultation process, wherein a company is legally required to tell fired employees three months in advance of a layoff.
A New York-based worker at the bank said management had booked a number of conference rooms for a round of announcements earlier this week. But those reservations were canceled when a snowstorm dumped about nine inches of snow on Manhattan Tuesday night and Wednesday morning.
Another, more senior source at the bank said this morning that the cuts would be announced by the end of the week.