Shuaa Capital has cut a tenth of its workforce and replaced its finance director as the investment bank's cost-cutting plan begins.
The Dubai investment bank said it would lay off 29 of its 312-strong workforce as it closes its retail brokerage to focus on big institutional clients.
"Shuaa is determined to manage the process in a controlled manner and reduce business disruption as much as possible," the company said.
No comments:
Post a Comment