How Many More Must Go?
By BankersBall on Nov 11, 2008 in Cube Life, Layoffs
And are there really that many investment bankers?
Yeech. 70,000 more jobs in US banks could be cut by the end of this year (that’s on top of the 150,000 already cut globally), reports the FT.
The 70,000 figure is attributed to an unnamed “senior executive.” Next up for more cuts, predicts analysts: Merrill Lynch, Citigroup, Morgan Stanley and Goldman Sachs.
Great time to be in the business of bankers’ blogging.
Post a Comment