trending Market Intelligence /marketintelligence/en/news-insights/trending/pxdrluldhot0fb5jqptpzq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Nomura seeks to reduce nonpersonnel expenses after job cuts

Mining Exploration Insights – May 2020

Essential Energy Insights - May 14, 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Credit Analytics Case Study: Provogue (India) Limited and Shree Renuka Sugars

Nomura seeks to reduce nonpersonnel expenses after job cuts

Japan's Nomura Holdings Inc. has initiated a three-year plan to reduce nonpersonnel expenses after eliminating hundreds of jobs since April, Bloomberg News reported Dec. 29.

The cost-cutting plan, dubbed the Waterline Project, is aimed at improving the cost effectiveness of the company's daily operations, Nomura CEO Koji Nagai told Bloomberg in an interview. The initiative comes after the Japanese company cut about 900 jobs, mainly in Europe and the Americas, since April.

Nomura plans to eliminate more positions overseas by the end of March 2017, Nagai said. The CEO did not provide a number for the planned job cuts.

At the same time, however, the company could hire bankers or acquire a team from its rivals to boost its U.S. advisory and primary businesses "selectively," he added.