Stay updated with breaking news from Max Kemnitzer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Wall Street Job Cuts: Only this week, Citigroup announced its plans to cull 5,000 jobs, mostly in investment banking and trading, by the end of the second quarter
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/AXSBZW5EAH6SNAD6V4U7JSFEA4.jpg)
Executives try to reverse pandemic recruitment spree that propelled headcounts to record high
Citigroup has become the latest big US bank to announce layoffs with 5,000 redundancies as Wall Street job cuts have hit 15,000 this year.
The failure of two US banks - Silicon Valley Bank and Signature Bank - shook confidence in the industry and prompted government intervention to protect the financial system.
Wall Street bankers face an increasingly gloomy job market after last month's banking crisis worsened an already bleak outlook for pay and staffing.... | April 5, 2023