Mortgage news

News, trends and analysis of the mortgage and credit market

Monday, November 17, 2008

Giant bank to axe thousands of jobs

Nov 17 2008

J.P. Morgan is planning to cut thousands of jobs across its worldwide operations. So is Citigroup, which is having a meeting this morning to pare about 10% of its workforce.

Lay-offs in the financial industry are not only happening in the United States but also across Europe.

Definitely, the US recession is spreading to the world.


Top Mortgage Companies

Email this article to a friend | Subscribe to our Mortgage News


At November 18, 2008 at 12:19 AM , Anonymous Elisheva Wiriaatmadja said...

Be prepared, it will get worse.


Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home