Job Cuts News

14.07 / 18:05

nft market layoffs NBA Top Shot Developer Dapper Labs Continues Layoff Trend with New Round of Job Cuts

Dapper Labs, the non-fungible token (NFT) collectibles company behind NBA Top Shot, recently bid farewell to an additional 51 employees, following a previous staff reduction of 20% in February earlier this year.

09.02 / 17:57

Citigroup companies Bank of America People moves Citigroup London wealth division faces 10% job cuts - reports

The memo to staff seen by Bloomberg noted that the cuts would include 21 roles in the firm’s private bank division.

26.01 / 14:13

companies People moves Mattioli Woods axes 'small number' of investment jobs as part of proposition changes

A spokesperson for the company said a ‘small number’ of the investment team have left the business following the restructure.

24.01 / 17:19

BlackRock UK companies bonds Baillie Gifford to shutter four bond funds and scrap international fixed income business

The round of layoffs is expected to affect dozens of the Edinburgh-based asset manager’s 2,000 staff.

23.01 / 15:39

companies Wealth managers Abrdn Sky News Business roles Fund managers ringfenced from upcoming abrdn job cuts

Investment Week understands that fund managers are not in the scope of the headcount reduction, which is set to trim roughly 10% of abrdn's workforce. (Pictured) Stephen Bird, abrdn CEO

09.01 / 18:37

BlackRock companies Revenue earnings assets under management BlackRock plans to cut 3% of global workforce - reports

People close to BlackRock told Fox Business that savings from the layoffs will be used to expand into growth businesses such as technology investing and alternative investment products.

11.12 / 15:47

companies State Street State Street set to cut 1,500 jobs in repositioning effort

As of the end of the last year, the firm had 42,226 employees, meaning the cuts will represent a 3.6% reduction in employees.

22.08 / 11:27

UK companies Interest rates ESG AXA IM to cut 90 jobs in business reshuffle

AXA IM, which had 2600 employees in total at the end of 2022, said the job cuts were “conditional” and it was currently in discussion with unions in France and Germany.

31.05 / 17:15

Binance regulation exchanges reports Binance Chief Communications Officer Responds to Reports on Job Cuts

Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning.

30.11 / 21:23

cryptocurrency Kraken layoffs Crypto Exchange Crypto exchange Kraken to cut about 1,100 global jobs

Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year.

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