Crash, When will it come ? Message Board

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Strategies & Market Trends : Crash, When will it come ?

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From: Ms. Baby Boomer	1/18/2019 8:42:50 AM
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State Street Says It’s Laying Off 1,500 Workers to Cut Costs... The layoffs equate to about 6 percent of the workforce in high-cost locations, the Boston-based bank said in an earnings statement Friday. Senior management is being reduced by 15 percent. Ronald O’Hanley Photographer: Misha Friedman/Bloomberg Ronald O’Hanley, who took over this month as chief executive officer of the money-management and custody-banking giant, is pushing to reduce expenses, automate more functions and simplify the organizational structure. Bloomberg reported last week that State Street began cutting 15 percent from its ranks of hundreds of senior managers, including executive vice presidents and senior VPs.... bloomberg.com M

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