But using new technologies and introducing better internal processes instead of slashing more jobs!
To cut or not to cut ?
Revenue pressures and relatively slow trading conditions to blame.
ABN Amro Group will cut about 100 jobs as it ceases offering equity derivatives products and shutters its Asian markets business.
It's one of Asia's wealthiest countries and has one the region's lowest unemployment rates. Yet a new survey shows that workers in Singapore feel less committed to their jobs than their Asian peers.
A void is appearing in the upper reaches of the world's biggest and most powerful financial market as banks struggle to replace currency traders suspended or fired during a global investigation into allegations of foreign exchange rate-rigging.
Two out of five UK graduates are still looking for work six months after completing their studies, and one in four are still job hunting a year after graduation - leaving many of them asking whether they made the right choice by pursuing academic studies instead of an apprenticeship.
Optimistic Americans are quitting their jobs, says the Wall Street Journal. This could be good, but employers are not hiring enough to balance it.
People who lie on their resumes appear to be motivated by jealousy for other people who have landed jobs when they haven't, according to experts.