Investment consulting firm Mercer has signalled plans to cut staffing levels, confirming it is in the process of a company review.
"Mercer is taking several steps to streamline and strengthen the firm to help ensure that its business model is efficient and to enhance its financial performance going forward," the company said.
"Like any well-managed company, Mercer's businesses regularly review staffing levels to determine the optimum level and distribution of resources needed so it can capitalise on efficiencies within the broader organisation."
A company spokeswoman said she had no further details, including whether the comments signalled retrenchments and, if so, how many people might be let go.
The comments come amid talk of job cuts at Mercer and elsewhere across the financial services industry as demand for mortgages and other types of lending shrinks and fund inflows dry up.
Last month, Westpac flagged a productivity drive, with nearly 200 IT staff losing their jobs at the bank due to work being sent offshore. Analysts have said the number could climb to 1000.
Suncorp is in the midst of a similar exercise and conducted a roadshow last month to brief employees.
London-based HSBC has said it would cut about 10,000 staff worldwide.
Meanwhile, Commonwealth Bank of Australia said it planned to reduce its workforce but would not force anyone to take a redundancy.
