State Street Bank announced to lay off 1,800 people next year

State Street Bank announced to lay off 1,800 people next year
The world’s largest custodian bank and asset management companies, State Street Bank will lay off 1800 people by the end of March next year, which accounts for 6% of the total number of employees. State Street Bank says that the layoff needs to pay about 350 million U.S. dollars, but after layoff, they could save 400 million U.S. dollars every year. It is learned that the layoffs are mainly in North America.