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Tag Archives: job cuts

First Niagara Financial eliminating 170 jobs

BUFFALO — First Niagara Financial Group is closing 10 branches and eliminating 170 jobs. The Buffalo-based bank said Wednesday the positions are being cut throughout its four-state territory. The job reductions come as the bank moves administrative duties out of ...

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Bausch + Lomb parent cuts 200 Rochester jobs

New York officials say Bausch + Lomb’s parent company is cutting 200 jobs in Rochester this week as it reduces longtime operations in the city and moves its headquarters to New Jersey. They say Quebec-based drugmaker Valeant is also expected ...

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JPMorgan to cut 4,000 jobs

NEW YORK — JPMorgan is trimming about 4,000 jobs, becoming the latest big bank to shrink its work force. The bank says the cuts will be focused in consumer banking and mortgages. A bank spokeswoman stressed that many of the ...

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Thomson Reuters to cut 2,500 jobs

News and financial information company Thomson Reuters on Wednesday said it is cutting 2,500 jobs, or about 4 percent of its workforce, this year as it tries to reduce costs and turn around its largest division. There is no immediate ...

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Publisher to shutter Albany office, cut 220 jobs

ALBANY — LexisNexis says it plans to close down its Matthew Bender law book publishing operations in Albany, eliminating more than 200 jobs. Local media outlets report that a notice the company field Tuesday with the state Labor Department says ...

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Morgan Stanley to cut 1,600 jobs

NEW YORK — The investment bank Morgan Stanley plans to cut about 1,600 jobs, nearly 3 percent of its workforce, a person familiar with the bank said Wednesday. The cuts will focus on senior ranks at the bank. About half ...

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Citigroup to cut more than 11,000 jobs

NEW YORK — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000. The bulk of the cuts, about 6,200, ...

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Corning may make job cuts as part of cost cuts

NEW YORK — Corning said Wednesday that it will likely cut costs, which may include “modest” job cuts, to support profit in a weakening economy. It’s the latest manufacturer to warn that the slowing global growth is hurting its business. ...

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Kodak job cuts continue as it aims to exit Ch. 11

NEW YORK — Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection. Eastman Kodak Co. said it cut approximately 2,700 employees worldwide since the beginning of the year, ...

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