From MarketWatch: RBS to cut 9,000 back office jobs over two years Royal Bank of Scotland said Tuesday that it will cut up to 9,000 back office and support jobs over the next two years ... The cuts represent 20% of the 45,000 staff employed in the bank's "group manufacturing" division ... Read more

From MarketWatch: Macy's cutting 4% of workforce, quarterly dividend Macy's ... said Monday ... it will slash 7,000 jobs [and] reduced its 2009 capital expenditures budget to about $450 million ... It was just last November that Macy's cut their 2009 capital spending plans from $1 billion to $550 ... Read more

Anyone curious about the health of the financial services industry got a look Thursday afternoon. Bank of America (BAC) will cut 35,000 jobs over the next three years. According to the company,"The reductions are coming from both companies and affect all lines of business and staff units.&q ... Read more