The job cuts have been announced since April 9, 2014 still, it was not announced that closure will happen this October. According to source the company wants to simplify its global operations.
source
Last year, Reuters reported that Thomson Reuters decided to cut 3,000 jobs in order to reduce costs, the number of employees in the Philippines affected by the job cuts was not revealed.
source
February this year, Inquirer reported that JPMorgan will cut 8,000 jobs to keep expenses down. Based on the guest comment “The mortgage LOB of JPMC in Taguig already rolled out the job cuts intended for 2014 last Dec 2013. Total number of jobs to be cut = 2000. Seven VPs were already called by HR for the retrenchment package."
source
With reports like these, do you still want to hunt jobs in Financial in-house sites or you would prefer BPO's instead? Let's head on to the comments section to discuss.
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