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Macquarie’s ‘unexpected layoffs’ leave staff on edge

Summary by Ground News
Macquarie, like many of its peers, has infrastructure set up to support people feeling under pressure. It runs an employee assistance program, which gives employees access to a counsellor. The group offers support for laid off employees, and the internal view is that Macquarie pays above what it is required to do as part of retrenchment packages.

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Australian Financial ReviewAustralian Financial Review
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Macquarie’s ‘unexpected layoffs’ leave staff on edge

Employees across the company’s banking and financial services arm have been called into meetings and sacked on the spot, people familiar with the cuts said.

·Sydney, Australia
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Australian Financial Review broke the news in Sydney, Australia on Wednesday, November 1, 2023.
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