Rockland Trust Will Lay Off 125 at Enterprise Bank If Merger Goes Ahead
Rockland Trust told investors it expects to find cuts equivalent to 30 percent of Enterprise Bank’s operating costs, but won’t close branches.
JPMorgan to Lay Off 1K First Republic Workers
JPMorgan Chase says it is laying off around 15 percent of First Republic Bank’s roughly 7,200 employees following its acquisition of the troubled bank in a regulator-brokered deal earlier this month.
Notarize Lays Off 25 Percent of Staff
Notarize, a Boston-based technology company that offers a remote online notarization product, laid off 25 percent of its employees on Wednesday.
Redfin, Compass Announce Major Layoffs
Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.
US Unemployment Rate Falls to 8.4 Percent
The U.S. unemployment rate fell sharply in August to 8.4 percent from 10.2 percent even as employers slowed their hiring again in one of the final major barometers of the economy to be released before Election Day.
HarborOne Lays Off 43 as Branch Traffic Slows
Thanks to slowing foot traffic at its branches, Brockton-based HarborOne Bank is laying off 43 staffers as it “re-aligns” its branch strategy.
Employers Have Options During COVID-19 Emergency
As COVID-19 rapidly changes the economic landscape throughout the country, businesses and individuals are facing new and evolving challenges.
Mass. Unemployment Claims Surge for Second Week
The number of Massachusetts residents who have filed initial claims for unemployment has jumped again, this time by over 180,000.
State Street Announces Layoffs in IT Department
State Street Bank laid off 250 employees who work in the information technology department. The layoffs were part of a previously announced plan to trim headcount by 2,300.
Waltham, Connecticut Defense Giants Plan Mega-Merger
Raytheon Co. and United Technologies Corp. are merging in a deal that creates one of the world’s largest defense companies, whose headquarters will be located in the Boston area.
Rockland Trust to Cut 80 Blue Hills Bank Employees as Result of Acquisition
Rockland Trust is planning to lay off 80 people from Blue Hills Bank once it completes its acquisition of the company, as a result of duplicate back office jobs that Rockland already has filled and does not need additional staff for.
State Street to Cut 1.5K Jobs, Institute Hiring Freeze
Layoffs at State Street Corp. appear to be worse than initially anticipated.
State Street to Lay Off 15 Percent of Senior Management
State Street Corp. is preparing to get rid of a large chunk of its senior management.
Boston Private Executives Explain Latest Divestiture and Layoffs
The recent divestiture in wealth management subsidiaries could free up capital for future acquisition opportunities, while staff reductions were an attempt to make up for slow growth, Boston Private executives said on an earnings call last week.
Boston Private to Shed Wealth Management Division and Layoff Staff
Boston Private Financial Holdings is shedding another of its wealth management divisions to refocus on its own personal wealth management brand and is also preparing for significant layoffs.
US Jobless Claims, Layoffs Decline As Labor Market Tightens
The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio.
Layoffs Not In Offing After 900 State Workers Take Buyouts
The Baker administration will not seek government layoffs to address a persistent budget gap after 900 employees took a buyout offer resulting in $12 million in payroll savings this fiscal year and a projected $70 million in fiscal 2018.
Barclays To Lay Off 25 Boston Employees
Barclays Capital Inc. will lay off 25 Boston-area...
