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Rating:SSgA is Not Spared from State Street's Cuts Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 02, 2010

SSgA is Not Spared from State Street's Cuts

News summary by MFWire's editors

More details have emerged on State Street Corp.'s plans to cut a total of about 1,400 jobs between now and the end of next year.

The cuts would include up to 65 jobs from the company's State Street Global Advisors unit [see profile], Pensions & Investments reports.

Spokeswoman Arlene Roberts told the pub that SSgA's cuts would represent less than three percent of the SSgA's global workforce of 2,217 as of March.

She did not specify which posts within SSgA will be impacted by the layoffs. 

Edited by: Hung Tran


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