Salomon lay-offs

Wednesday 28 October 1998 00:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

SALOMON SMITH BARNEY is laying off about 100 equity personnel this week, mostly in New York, a Salomon spokeswoman said yesterday.

The cuts are related to the recent merger of the securities firm's parent, Travelers Group, with Citicorp to form Citigroup. They also stem from world market turmoil. Citigroup has said it would lay off 8,000 employees, or 5 percent, of its world workforce.

The spokeswoman said the layoffs would affect about 100 equity capital markets personnel in such areas as sales and trading, the bulk of them in New York.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Salomon lay-offs

Join our commenting forum

Thank you for registering