New York, New York-based NYSE Group, which owns the New York Stock Exchange, has announced a post-acquisition cost reduction initiative related to the acquisition of Archipelago Holdings, an electronic trading platform. The company is transitioning from on-floor trading specialists to electronic trading.
The personnel realignment targets 520 employees which includes 400 full-time employees and 120 consultants.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?