18 April 2008

Rundown of job cuts by the nation's big banks

A look at job cuts announced in recent weeks by U.S. banks:

Citigroup said today they're reducing their workforce by another 9,000, after announcing 4,200 job cuts in January.

Merrill Lynch, the world's largest brokerage, said on Thursday it would cut 3,000 jobs in addition to the 1,000 jobs previously announced.

JPMorgan Chase said Wednesday there would be staff reductions at both JPMorgan and Bear Stearns 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 said on April 8 that it plans to lay off about 3,000 workers.

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