Nearly 90,000 financial jobs cut since Sept

Font Size

Print

Feedback

Email

Discuss

Related Articles

BASF to cut 3,700 jobs in restructuring plansBASF to cut 3,700 jobs in restructuring plansEuro Zone jobless rate balloons to 10-year highGannett to layoff 1,000 as ad sales slide

Singapore, November 18:: Banking giant HSBC will lay off 500 staff in Asia, a spokesman said on Tuesday, the latest in a wave of cuts that has seen nearly 90,000 financial jobs axed since September.

This will be HSBC's second round of layoffs in the region in less than two months, as the fallout from the global credit crisis continues to ripple through the financial sector.

Here is a tally of major job cuts announced since September:

COMPANY - NUMBERS - DATE

1. Commerzbank: 9,000 - Sept 1

2. GMAC LLC: 5,000 - Sept 3

3. HSBC: 1,100 - Sept 26

4. UBS: 2,000 - Oct 3

5. Barclays PLC: 3,000 - Oct 10

6. National City Corp: 4,000 - Oct 21

7. Goldman Sachs Group Inc: 3,300 - Oct 23

8. American Express Co: 7,000 - Oct 30

9. DBS Group: 900 - Nov 7

10. Fidelity Investments: 1,700 - Nov 14

11. Citigroup Inc: 52,000 - Nov 17

12. HSBC: 500 - Nov 18