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State Street Corp. plans to lay off approximately 1,500 employees in “high-cost locations" and ramp up efforts to automate its services to clients, the company said Friday.
State Street has 1,220 full-time-equivalent employees in the Kansas City area, ranking it No. 33 on the Business Journal's list of private-sector employers.
The newly announced layoffs go far beyond the job cuts to senior management reported by the Boston Business Journal earlier this month. The senior managers are believed…
Six years ago, the relatively new Fort Worth, Texas-based finance arm of auto giant General Motors waded into the business of making back-office loans to dealerships for their inventory and sometimes real estate deals. In the next two years, GM Financial is aiming to be the market leader for this wholesale business long dominated by big banks.
Funding rounds ramped up last year as VC firms, angel investors and others claimed bigger chunks of promising Oregon and Southwest Washington startups.
