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Archive for the ‘Finance’ Category

Finance jobs in Florida may be in jeopardy

Saturday, October 8th, 2011

A new survey posits that finance jobs in Florida may be on the chopping block.

Employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst jobcut month in over two years. Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lieahead as the federal government seeks across-the-board cuts in spending.

September job cuts were 126 percent higher than the 51,114 announced in August, according to the latest report on monthly job cuts released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc. They were 212 percent higher than September 2010, when employers announced just 37,151 job cuts. Last month’s total is the highest since April 2009, when 132,590 job cuts were announced.

The September surge brought the number of job cuts announced in the third quarter to 233,258, the highest quarterly toll since the third quarter of 2009. That figure is up 103 percent from the previous quarter and 105 percent higher than the same quarter a year ago.

One-third of the layoffs announced this year came from government employers. It is, by far, the largest job-cutting sector, with 159,588 announced job cuts to date. This figure includes 54,182 government-sector cuts in September, 50,000 of which are the result of a five-year troop reduction plan announced by the United States Army.

This means jobs in Washington, D.C. may also be affected.

The second largest job-cutting sector to date is the financial sector, which announced 54,013 planned layoffs between January 1 and the end of September. That is up 177 percent from the 19,474 job cuts recorded over the first three quarters of 2010. Of the 54,013 financial job cuts this year, 31,167 occurred in September, with 30,000 resulting from Bank of America’s multi-year workforce reduction plan aimed at saving the struggling bank $5 billion per year.

JP Morgan Chase hires for financial jobs in Florida

Saturday, March 19th, 2011

The bank JP Morgan Chase is blooming in Florida and has hired for financial jobs in Florida in order to staff several new branches.

The bank plans on opening 35 new branches in the Florida area.

Ten branches in Tampa are planned as well. (more…)

Florida Banking Jobs Cut with Wells Fargo

Friday, May 8th, 2009

Several Florida banking jobs will soon be lost as one large company cuts positions.

Wells Fargo & Co. recently announced its plan to eliminate about 100 positions at its Northeast Florida mortgage operations, formerly of Wachovia Corp. According to an article by the San Francisco Business Times, the jobs to be cut are in a division that handled Wachovia’s pick-a-pay and option adjustable-rate mortgages, which the bank no longer writes.

The 100 jobs represent almost the entire department, which will be consolidated into Wells Fargo’s mortgage-refinance operations in San Antonio. The job reductions are part of the company’s overall efficiency planning and modeling related to the integration.

(more…)

BankUnited to Cut Florida Banking Jobs

Thursday, September 25th, 2008

One Florida banking company is feeling the blows of the current economy and being forced to cut Florida banking jobs.

BankUnited Financial Corp. recently announced its plans to cut 12 percent of its workforce because of the failing economy. This means about 160 people will lose their jobs, and most cuts will be in residential lending support and operations.

According to an article by CBS4, the company plans to cut 85 jobs in Miami-Dade County, 21 in Broward and 13 in Palm Beach. More jobs will be eliminated on the west coast of Florida and outside the state, leaving BankUnited with only 1,000 employees.

(more…)