Global custody industry set to restart job cuts after weathering COVID crisis
BNY Mellon, Northern Trust and State Street are to set to make a swathe of job cuts in 2021, reducing mostly middle-management and junior roles.
BNY Mellon, Northern Trust and State Street are to set to make a swathe of job cuts in 2021, reducing mostly middle-management and junior roles.
The planned cuts are aimed to increase its competitiveness in an increasingly constrained operating environment.
New State Street CEO begins the year by announcing job cuts in earnings release.