Nasdaq Plans Hundreds of Job Cuts
- Firm is reviewing offices, company roles globally after deal
- Nasdaq has been repositioning itself as a technology firm
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Nasdaq Inc. is planning to cut hundreds of jobs as it integrates software provider Adenza into its business — an acquisition it closed last year amid efforts to propel a new phase of expansion at the firm.
Nasdaq is considering cutting some positions and may reallocate others in a bid to minimize redundancies, according to people familiar with the matter. Nasdaq expects to integrate Adenza’s New York and London offices into its own locations amid the changes, which are global and aimed at streamlining operations, the people said, asking not to be identified discussing a private matter.