The Financial Job Market Is About To Get Even More Rough
Allwork
JUNE 16, 2023
What’s going on: Major U.S. banks, including Citigroup, Goldman Sachs, and Morgan Stanley, are set to cut over 11,000 jobs before the end of this year, according to Financial Times. Additionally, Bank of America has plans to reduce 4,000 positions through attrition. JP Morgan has not yet announced any large-scale layoffs. Why it matters: It’s reported that the top five banks that dominate Wall Street – JP Morgan, Bank of America, Morgan Stanley, Goldman Sachs, and Citi – had hired m
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