Macquarie Group Ltd (ASX:MQG) has been struck with more staff issues this week.
One day after news broke of two senior executives leaving the bank, reports have emerged that Macquarie has managed out or laid off more than 100 employees in recent months.
The Australian Financial Review says Macquarie’s expansion into the US has been disrupted by the departure of Graham Copley, the head of US equities, and Greg Coleman, the head of US sales.
Speculation has been mounting that the bank may cut its earnings guidance when it meets for its annual general meeting in July.
Macquarie Group reported a $989 million net profit in the year ended on 31 March 2011.
