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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.