A round of job-hopping is expected to occur as early as next month among bank analysts in light of the recently announced Travelers Group Inc. deal for Salomon Brothers Inc.

Executives at Travelers and Salomon indicated early on that at least 1,500 layoffs would result from the deal, involving investment bankers, analysts, traders, and back-office workers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.