Nomura Files Disclosure for 32 Jobs Cuts in New York Cityby
Nomura Holdings Inc., Japan’s biggest brokerage, has cut 32 jobs in New York City.
The bank disclosed the figures in a so-called Warn notice dated Tuesday and posted on the state Labor Department’s website. The Tokyo-based company is eliminating 60 jobs outside Japan, people familiar with the matter said last week.
The cuts were set to occur around July 11, according to the filing. All of the jobs affected have already been eliminated, said a person familiar with the move, who asked not to be identified without authorization to speak publicly.
Nomura is reducing its presence overseas as market volatility and stricter regulations hamper its efforts to return to profit outside of Japan. The retreat comes almost eight years after it bought Lehman Brothers Holdings Inc.’s operations in Europe and Asia.