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The bank plans to cut a third of its fixed-income headcount, as well as a 10percentt reduction in corporate and investment bank support staff, Mr. Thompson said at a UBS bank investor conference.
On Tuesday Jive Software, also Sequoia-backed, had a significant reduction in headcount as well.
Since 10percentt of all personnel in biopharma and life sciences companies are related to regulatory issues, it can lower headcount as well.
If they are renting things like tables and chairs, then they need that headcount as well so that everyone has a place to actually sit and eat.
What's more, he argued, the policy of reducing senior management headcount as swiftly as possible had been agreed by all sides.
Inevitably, some of this will come from a reduced headcount as we are now able to serve our tenants more efficiently, but we have managed this process very carefully.
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The Information also revealed today that it plans to double its reporting headcount with as many as 15 new hires coming aboard before the end of next year.
The sale will remove some 32,000 staff from Nokia's payroll (and add them to Microsoft's books), substantially shrinking Nokia's headcount costs, as well as injecting some much-needed cash back into the remaining business.
First, keeping a lower headcount ensures as much money as possible goes to the causes themselves.
Staff costs were £132m, with Haymarket's headcount at 1,857 as of the end of June last year.
With the funding, Wave plans to continue aggressively increasing headcount, in engineering as well as sales and business development.
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