According to a report on Fortune Term Sheet, Wall Street financial company are poised to slash nearly 21,000 jobs, focusing on investment banking and trading departments. The layoffs will include senior bankers, and those remaining could see compensation drop by 30%. Here's the link: http://finance.fortune.cnn.com/2012/04/30/wall-street-layoffs-21k/
This supports an earlier story by the Wall Street Journal on the topic that was covered in a prior post. Here's a link to the post: http://www.allenlatta.com/1/post/2012/04/layoffs-expected-for-wall-street-investment-bankers-wsjcom.html
This supports an earlier story by the Wall Street Journal on the topic that was covered in a prior post. Here's a link to the post: http://www.allenlatta.com/1/post/2012/04/layoffs-expected-for-wall-street-investment-bankers-wsjcom.html
