Merrill Lynch said it will take a Q4 charge of $2.2 billion, mainly to cover the elimination of 9,000 jobs. Merrill said the job-cut number includes all reductions since November, including a new round of 1,200 job cuts in Japan announced recently. Total layoffs for 2001 at the firm totaled 15,000 – 21% of the workforce at the beginning of 2001.
Merrill Lynch To Take a Q4 Charge of $2.2 billion
Merrill Lynch said it will take a Q4 charge of $2.2 billion, mainly to cover the elimination of 9,000 jobs. Merrill said the job cut number includes all reductions since November, including a new round of 1,200 job cuts in