Lloyds shakeup. Over 2500 jobs reportedly at risk ...Middle East

Citigroup has started their purging of manager jobs as they start the reorganization. Now The Guardian is reporting that Lloyds is looking to shed 2,500 jobs in their own shakeup. Job cuts beget job cuts. Banks and financial institutions tend to march to the same drum when they hire (the competition for deals is intense) and also when they get over their skis with too many hires. Major U.S. banks have been quietly downsizing their workforces throughout this year, despite the economy's unexpected resilience, and some of the most significant layoffs are yet to come. JPMorgan Chase stands out as an exception among the largest banks, as it has not announced any layoffs and has even expanded it

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Lloyds shakeup. Over 2500 jobs reportedly at risk ...Middle East

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