By Cutting Jobs, State Street Barrels Through First Quarter 2019

Posted on 04/24/2019

Asset management firms are facing pressure on containing costs, especially in labor. State Street Corporation chopped 800 jobs in the first quarter of 2019 and the investment giant has more to go. State Street has been laying people off in high-cost locations. Most of State Street’s expenses lie in compensation and employee benefits which was […]

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