Lazard Slashes 340 Jobs in Massive 10% Workforce Cut, Announces Surprising Loss
As investment banks continue to face headwinds and global economic uncertainty, Lazard Ltd. has announced plans to reduce its workforce by 10% in a bid to contain costs. This means the bank will cut around 340 jobs from its disclosed total employment of 3,402 workers as of December 31. Lazard’s cost-cutting initiatives come on the […]