State Street to cut 1,400 employees

clock •

US - State Street plans to cut 1,400 employees, or 5% of its total workforce, with staff in North America taking the brunt of the cull.

State Street announced the cuts yesterday as part of a multi-year programme to cut costs and improve efficiency. A State Street spokeswoman said most of the personnel cuts would come from North ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Raquel Pichardo-Allison

View profile
More from Raquel Pichardo-Allison

A glimpse into our archives

TRS hands $6bn to KKR and Apollo, grows strategic partners programme

More on North America

North America

CalPERS issues indexing RFP

US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.

Jenny Cosgrave
clock 02 November 2011 •
North America

Verizon, AT&T to face significant pension costs in 2012

US - Telecommunications companies AT&T and Verizon Communications could face increased pension payments next year as their liabilities soar to a combined $73.2bn, according to an analyst note from Bernstein Research, a unit of AllianceBernstein.

Jenny Cosgrave
clock 26 October 2011 •
North America

News Corp. board under further investor pressure

US - Rupert Murdoch and other News Corporation directors face opposition from corporate governance advisory firm ISS which advised shareholders to vote against their re-elections to the board.

Jenny Cosgrave
clock 11 October 2011 •
Trustpilot