Bernstein to cut up to 28 roles in France as part of future growth plans
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- Bernstein is set to cut up to 28 roles in France as part of its future growth plans, following the establishment of a joint venture with Societe Generale and AllianceBernstein announced in 2024. The redundancies are being made on a voluntary basis, as confirmed by The TRADE.
- This decision reflects Bernstein's strategic shift towards optimizing its operations and resources in response to market demands, indicating a focus on future growth despite the immediate negative impact on employment.
- The move comes amid a broader trend in the financial sector where firms are either expanding their teams, as seen with Stifel's recent hires, or innovating their services, like Bernstein's new ETF execution algorithm, highlighting contrasting strategies in a competitive market.
— via World Pulse Now AI Editorial System
