Business Professor: Some Local Job Losses Due to OneMain Buyout
March 4, 2015
Contact: University Relations
Phone: 410.837.5739
The announced selling of local financial services firm OneMain Financial Holdings will likely mean some job losses in the area, according to the University of Baltimore's Steve Isberg, associate professor in the Merrick School of Business. But the sale is simply part of a growing trend of automation in the financial services industry, he tells The Baltimore Sun, and a standard move to grow market share in a competitive field.
"For the buyer, this is about market share," Isberg says in an interview with the Sun. "This particular market has been shrinking somewhat, so here's a way for you to grow your business."
Read the article.
Learn more about Prof. Isberg.