Canaccord Cuts 170 Jobs, Trims Executive Salaries (Update2) (Bloomberg)
Oct. 30 (Bloomberg) — Canaccord Capital Inc. , Canada’s largest independent brokerage, cut 10 percent of its workforce, or about 170 jobs, and reduced executive salaries by as much as 20 percent as the global credit crisis erodes stock sales and takeovers.
Source: www.bloomberg.com

Miller’s Legg Mason Unit to Cut Jobs as Assets Fall (Update2) (Bloomberg)
Oct. 30 (Bloomberg) — Legg Mason Inc. plans to cut about one-third of the jobs at Legg Mason Capital Management, the first layoffs at its investment unit run by Bill Miller , after assets fell by 53 percent this year.
Source: www.bloomberg.com

American Express to cut 7,000 jobs (AP via Yahoo! News)
In a stark acknowledgment of the tough times ahead in the credit card industry, American Express Co. said Thursday that it plans to cut 7,000 jobs, or about 10 percent of its worldwide work force, in an effort to slash costs by $1.8 billion in 2009.
Source: news.yahoo.com

Legg Mason to Cut Up to 50 Jobs at Miller’s Unit (New York Times)
Legg Mason said Thursday that it would cut about one-third of the jobs at Legg Mason Capital Management, the first layoffs at its investment unit run by the fund manager Bill Miller, after its assets fell by 53 percent this year.
Source: dealbook.blogs.nytimes.com

American Express to cut 7,000 jobs, save $1.8 billion (Reuters via Yahoo! News)
American Express Co said on Thursday it will cut 7,000 jobs, slash expenses and scale back investments to save $1.8 billion next year, in its biggest restructuring since 2001 as it struggles with bad loans and surging funding costs.
Source: news.yahoo.com

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