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Jan 13, 2023 · Bank of New York Mellon Corp is planning to cut around 3% of its workforce this year, a source familiar with the matter told Reuters on Friday, joining a number of larger rivals in trimming ...
Jan 13, 2023 · Bank of New York Mellon Corp. plans to cut about 3% of its workforce this year, or some 1,500 jobs, in its bid to streamline expenses, people familiar with the matter said.
- Justin Baer
Deeper insights into layoffs. Track layoffs live from WARN reports. Learn how these government-reported layoffs are affecting levels, roles & salaries.
Jan 13, 2023 · The layoffs, first reported by the Wall Street Journal, translate to about 1,500 jobs of the bank's total reported headcount of 51,700 as of end-2022. Shares in BNY Mellon were up 2.4% in...
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Jan 13, 2023 · BNY Mellon will lay off about 1,500 employees in 2023 — roughly 3% of the bank’s headcount, The Wall Street Journal and Bloomberg reported, citing people familiar with the matter. Management will be the target of many of the reductions, sources told The Wall Street Journal, as the bank invests more in junior staff, technology and operations.
