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Screwed: Potential 300 in Detroit

A daily review of the employment fallout around the country and the world.

Detroit mayor proposes 334 layoffs and 504 vacant job cuts under a new 2010 budget…Pilgrim’s Pride plans to close a chicken processing plant, affecting 280 Georgia workers…In another round of layoffs, The Virginia-Pilot plans to lay off 40 employees… Mid-sized law firm Brownstein Hyatt is laying of 37, 15 attorneys and 22 staff…the Chicago Tribune announces another 20 percent cut of its newsroom staff.

Read more about layoffs at the sites compiled on our layoff tracker page.

The latest layoff rumors involve UBS (NYSE:UBS), HSBC Holdings plc (NYSE:HSBC) and various regional banks. Here’s a roundup:

UBS’ U.S. brokerage business will lay off lower-producing financial advisers, according to The Wall Street Journal. Meanwhile, the Swiss firm is expected to begin layoffs at home, and will likely include departments such as marketing, according to DealBook.

Another European bank expected to cut back in the U.S. is HSBC. The London-based bank reportedly may lay off staff in it’s Chesapeake, Va., call center as part of its larger restructuring, according to The Virginian-Pilot.

New Frontier Bank of Greeley, Colo., was shut down Friday by the Federal Deposit Insurance Co. Its 250 employees are expected to be out of a job come May 8, according to The Greeley Tribune.

It’s rough out there, but there are jobs. Numoda Capital Innovations LP is hiring a professional with venture capital and investment banking experience who will serve as its managing director, according to The Wall Street Journal. Also America’s Growth Capital is interested in hiring additional senior tech bankers, according to the Journal.

For the latest job postings, check out TheDeal.com’s Career Center. Here is our pick for the day:

Sr. Investment Analyst – Manager Evaluation at Vanguard in Valley Forge, Pa.
For a roundup of all the announced layoffs to date, check out The Deal’s Pink Slips on Wall Street Dealwatch or any of the links below. Also feel free to leave us any layoff tips or rumors you are hearing. – Maria Woehr

For more deal news, check out Dealscape at TheDeal.com/dealscape.

Tags: business, layoffs, media, Screwed, Wall Street