NASDAQ CUTS 100 JOBS IN PHILADELPHIA
NASDAQ eliminated 25% of its employees after purchasing the Philadelphia Stock Exchange a month ago.Yesterday, NASDAQ reported that after buying the exchange its second-quarter earnings were ahead of the game. NASDAQ is expecting that by price cuts and job reduction, it will save 11.5 million by the end of this year. At this point, NASDAQ is ahead of schedule assuming it will reach its goal of cutting costs by $50 million before its 24 month schedule. As of yesterday, Nasdaq shares were up 1.65 percent.
Author: employmentcrossing
Keywords: NASDAQ CUTS 100 JOBS IN PHILADELPHIA Business Developmet Crossing
Added: August 8, 2008