Wall Street gears up for job cuts as pandemic drags on
Banks have started to trim small numbers, but 2021 is expected to bring deeper cuts
22 November 2020 - 00:06
The days of job security on Wall Street have been short-lived. Goldman Sachs’s second round of several hundred firings over three months is another sign that the pandemic pause on layoffs just kicked the cost-cutting can down the road.
The bank and its rivals have started to trim small numbers, but 2021 is expected to bring deeper cuts...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now