Singapore is the latest casualty of HSBC's retreat around the globe.
The British bank cut more than 100 positions last week, the Straits Times reports, amounting to more than 3% of the bank's 3,000-member work force in the nation-state.
The cuts were scattered across the bank and affected private banking, marketing and risk management. Junior bankers got to breathe a sigh of relief, though: Mainly executive positions were targeted.
This latest round of job cuts is part of HSBC's plan to trim its work force by 30,000 positions over several years, a plan it announced last August. Even though the firm is committed to investing money and resources into emerging markets, Asian countries aren't exempt from the culling. The bank has plans to shed a few thousand people in Hong Kong, for example, even though it's the country's largest bank.
The Softer Side of Goldman (FINS)
To give employees an injection of much-needed morale, Goldman will soon unveil to changes to its vacation policy for junior bankers.
New Successor (Fortune)
That was fast. This must have all been planned. Gary Crittenden will become chief executive of Huntsman Gay now that head honcho Bob Gay is stepping down.
It's Not Me, It's You (Forbes)
American women need to buck up and learn how to negotiate, concludes a new survey. Women all over the world need to do the same, but the problem is especially pervasive in the U.S.
From His Life to Yours (The Guardian)
One prop trader says his great moral dilemma is what to have for lunch every day. We'll venture to say that's probably not typical.
Going Grey (The Globe and Mail)
Some women in the workplace choose to let their natural hair color fly as they get older. Most do not.
Buzz Around the Office
Somebody catch that elephant before it stomps on a car!
List of the Day: Distinguish Yourself
It's a tough market out there. Here are some tips to help you become an attractive job candidate.
1. Learn about the most cutting-edge technology in your field.
2. Consider becoming a contractor.
3. Find a niche where fewer people can add value and make yourself an expert.
(Source: Harvard Business Review)