Wall Street Layoffs

Big Share Of Wall Street's Young Workers Considering Career Switch

The Huffington Post | Jillian Berman | Posted 05.08.2012

Read More: Greg Smith Op-Ed, Young Wall Street Workers, Wall-Street-Pay-Cuts, Video, Wall Street Workers, Wall Street Layoffs, Young-Wall-Street, Business News, Wall Street Pay, Business News

Young Wall Street workers are getting fed up. More than 20 percent of Wall Street employees born since 1980 say they would rather not work in the ...

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For Wall Street, The Great Recession Continues

The Huffington Post | D.M. Levine | Posted 04.25.2012

Read More: Layoffs, Wall Street Layoffs, Proprietary Trading, Unemployment, Financial Services, Job Cuts, Wall Street, Great Recession, Banks, Video, Business News

It seems the world of finance is still in the throes of its own great recession. One hundred of the largest cities in the U.S. have shed a total o...

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Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012

Read More: Bank Layoffs, Video, Wall Street Layoffs, Wall Street Profits, Business News, Big Banks Profits, Bank Profits, Wall Street Pay, Big Banks, Bank Bonuses, Wall Street Bonuses, Business News

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

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Another Big Bank Plans To Hand Out Out Pink Slips

The Huffington Post | D.M. Levine | Posted 02.24.2012

Read More: Layoffs, Wall Street Job Cuts, Bank Layoffs, Video, Wall Street Layoffs, Wall Street, Credit Suisse, Downsizing, Swiss Banks, Banks, Big Banks, Credit Suisse Layoffs, Business News

Wall Street keeps shrinking. Credit Suisse will begin laying off employees in New York the second week of March, according to a company filing with...

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Bruised Wall Street Firms Continue To Jettison Office Space

The Huffington Post | Alexander Eichler | Posted 02.06.2012

Read More: Wall Street Lobbying, Financial Industry, Bank Layoffs, Financial Sector, Wells Fargo, Bank of America, Bank Profits, Office Space, Big Banks, Wall Street Offices, Video, Wall Street Layoffs, Wall Street Profits, Morgan Stanley, Wall Street, Occupy Wall Street, Wall Street Earnings, Business News

Here's one thing big banks have in common with protesters: Neither group is occupying Wall Street as much as they used to. In an ongoing sign of th...

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Why Wall Street's Loss Is New York's Gain

Dinesh Moorjani | Posted 03.20.2012

Read More: Foursquare, Small Business, Mayor Bloomberg, New York Startups, Startup Investors, Venture Capital, Finacial Services, Tumblr, Small Business America, Wall Street Layoffs, Startup, Finance, New York Venture Capital, Startups, Wall Street, New York University, Small Business News
Dinesh Moorjani

A flower has grown from the ashes of New York's financial industry meltdown. That flower is the city's innovation economy -- and it's here to stay.

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Wall Street Slashed Thousands Of Jobs Last Month

Reuters | Posted 03.20.2012

Read More: Business News, Wall Street Job Cuts, Wall-Street-Job-Losses, Video, Financial Workers, Wall Street Layoffs, Wall Street News, Wall Street Jobs, Reuters, Business News

Jan 19 (Reuters) - Wall Street axed 2,000 workers in December as poor profits led companies to slice expenses, the biggest reduction since last summ...

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More Than One-Third Of Layoffs At One Big Bank To Hit NYC

Posted 12.27.2011

Read More: Wall Street Job Cuts, Bank Layoffs, Video, Wall Street Layoffs, Bank of America Layoffs, Business News, Morgan Stanley Layoffs, Bank Bonuses, Big Banks, Wall Street Pay, Business News

More than one-third of job cuts at Morgan Stanley will likely hit workers in New York City. Nearly 600 of the 1,600 job cuts that Morgan Stanley a...

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Wall St. Workers Concerned Industry Is Shrinking For Good

Posted 11.22.2011

Read More: Business News, Video, Wall Street Workers, Wall Street Crisis, Wall Street Shrinking, Wall Street Layoffs, Wall Street, Wall Street Downsizing, Wall Street Down, Business News

Wall Street bankers are used to vicious swings in fortunes - it is in their DNA. Make a killing in the good times, they say, because markets may t...

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Goldman Sachs Names New Managing Directors, Amid Wall Street Layoffs

Posted 11.18.2011

Read More: Investment Banks, Goldman Sachs Directors, Business News, Goldman Sachs, Hiring, Video, Wall Street Layoffs, Wall Street Hiring, Goldman Sachs Managing Directors, Business News

Goldman Sachs Group Inc (GS.N) promoted 261 employees to managing directors this week, according to an internal memo sent this week, as the bank s...

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Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012

Read More: Financial Industry, Bank Layoffs, Wages, George W. Bush, Banking Industry, Big Banks, Bank Bonuses, Barack Obama, Wall Street Compensation, Video, Wall Street Layoffs, Wall Street, Occupy Wall Street, Banks, Banker Bonuses, Bonuses, Wall Street Bonuses, Business News

It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...

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Banks Earned More Under Obama Than Bush

The Huffington Post | Bonnie Kavoussi | Posted 01.07.2012

Read More: Financial Industry, Goldman Sachs, Video, Wall Street Layoffs, President Barack Obama, George W. Bush, President Obama, Banks, Bank Earnings, President George W. Bush, Big Banks, Barack Obama, Business News

Wall Street firms have earned more in profits so far under President Obama than during all eight years of George W. Bush's presidency, according to Th...

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Wall Street Could Shed Thousands More Jobs By End Of Next Year

AP | SAMANTHA GROSS | Posted 12.11.2011

Read More: Industry Financial Layoffs, New York Comptroller, Video, Wall Street Layoffs, Thomas DiNapoli, Wall Street Economic Woes, New York Stock Exchange, Wall Street Jobs, Business News

NEW YORK — Wall Street is again losing jobs because of global economic woes, threatening tax revenue for a city and state heavily reliant on the...

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Goldman Sachs Could Be Headed Toward First Loss Since Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011

Read More: Layoffs, Goldman Sachs, Wall Street Layoffs, Eric Schneiderman, Business News, Federal Housing Finance Agency, Banks, Wall Street Banks, Financial System, Financial News, Fhfa, Business News

Growing concerns about the weakness of economic growth around the world are increasingly dimming prospects for American financial institutions, amplif...

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Europe's Biggest Bank To Cut 3,000 Jobs In Hong Kong

Posted 11.07.2011

Read More: Hsbc, Bank Layoffs, Wall Street Layoffs, European Bank Layoffs, Hsbc Major Banks, Hsbc Jobs, Hsbc Layoffs, Video, Business News

HSBC (0005.HK) (HSBA.L), Europe's biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an agg...

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Alexander Eichler

Junior Investment Bankers Unhappy With Paychecks, Direction Of Their Industry: Survey

HuffingtonPost.com | Alexander Eichler | Posted 10.25.2011

Read More: Financial Industry, Rik Kopelan, Financial Sector, Investment Bankers, Junior Investment Bankers, Interns, Layoffs, Investment Banks, Wall Street Internships, Wall Street Layoffs, Wall Street Interns, Wall Street, Capstone Partnership, Investment Banking, Business News

As their industry shifts focus and work becomes ever more demanding, junior investment bankers are saying they're less satisfied with their jobs, acco...

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HSBC Fires In Europe, To Hire In Asia

The Huffington Post | William Alden | Posted 10.02.2011

Read More: European Debt Crisis, Hsbc, Ubs, Goldman Sachs, Wall Street Layoffs, Morgan Stanley, Unemployment, Credit Suisse, Wall Street, Economic Crisis, Business News, Financial Crisis, Hsbc Layoffs, Business News

HSBC, Europe's largest bank, is firing people in Europe and the U.S., and hiring people elsewhere. With profits from its Asian and Latin American b...

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Bank Will Shed 30,000 Jobs

Posted 10.01.2011

Read More: European Banks, Financial Jobs, Wall Street Layoffs, Europe Layoffs, Hsbc Jobs, Credit Card Hsbc, Bank Job Cuts, Bank Jobs, HSBC Bank, Hsbc Layoffs, Business News

LONDON (Steve Slater and Sudip Kar-Gupta) - HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's b...

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Goldman Traders Quit As Big Bonuses Dry Up

Posted 09.27.2011

Read More: Wall Street Quit, Goldman Sachs, Goldman Quit, Wall Street Layoffs, Sales Goldman, Goldman Quitting, K, Regualtion Goldman, Goldman Layoffs, Financial Regulation, Business News

NEW YORK, July 28 (Lauren Tara LaCapra) - More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and...

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HSBC Might Cut More Than 10,000 Jobs

Posted 09.27.2011

Read More: Cost Cutting Financial Stuart Gulliver Laoffs, Bank Layoffs, Bank Job Cuts, Wall Street Layoffs, Europe Cost Cuts, HSBC Holdings, Hsbc Job Cuts, Hsbc Layoffs, Business News

HONG KONG/LONDON - Banking group HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, ...

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Credit Suisse Reportedly Could Cut Up To 2,000 Jobs

Posted 09.25.2011

Read More: Credit Suisse Jobs, Bank Layoffs, Wall Street Layoffs, Credit Suisse, Financial Reform Layoffs, Financial Layoffs, Jobs Wall Street, Investment Banking Layoffs, Credit Suisse Cuts, Credit Suisse Layoffs, Business News

Credit Suisse will likely announce cost savings measures including a cut of 1,500-2,000 jobs, a Swiss paper reported on Tuesday, without naming an...

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William Alden

As Layoffs Hit Wall Street, Lowest-Paid Workers Lose Jobs

HuffingtonPost.com | William Alden | Posted 09.21.2011

Read More: Goldman Sachs, Ubs, Wall Street Layoffs, Unemployment, Morgan Stanley, Wall Street, Job Cuts, Credit Suisse, Economic Crisis, Business News, Financial Crisis, Barclays, Business News

NEW YORK -- Layoffs have returned to Wall Street as investment banks bemoaning economic malaise and disappointing revenues are moving to pare their pa...

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Goldman Sachs Will Lay Off 230 Employees In New York City

Posted 08.29.2011

Read More: Department of Labor, Goldman Sachs, Wall Street Banks, Goldman Firing, Goldman Layoffs, Wall Street Layoffs, Goldman Fired, New York, Business News

Goldman Sachs Group Inc (GS.N) plans to lay off 230 employees in New York because of economic conditions, according to a state filing on Wednesday...

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Goldman Sachs Plans To Hire 1,000 In Singapore While Cutting U.S. Jobs

The Huffington Post | Bonnie Kavoussi | Posted 08.27.2011

Read More: Outsourcing, Layoffs, Goldman Sachs, Economics News, Unemployment, Wall Street Layoffs, Wall Street, Singapore, Business News, Banking, Investment Banking, Business News

Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at...

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How I Lost My Job and Why I don't want it back

Jon Santiago | Posted 05.25.2011

Read More: Layoffs, Wall Street Layoffs, Wall Street Crisis, Wall Street, Finance, Financial Crisis, Banks, Investment Banks, Banking Crisis, Bank Bailout, Getting Fired, Leaving Wall Street, Business News
Jon Santiago

I now think the "Main Street" perception of recklessness in the ivory towers of Wall Street, which initially struck me as too emotional and unfounded, is partially accurate.

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