Big U.S. banks show brave face on jobs as Goldman Sachs cuts staff
added over 100,000 jobs from the first quarter of 2020, based on their fourth and third quarter figures.Reuters Graphics
"It is a safe bet to say more banks might follow as banks struggle to make the math work from a bonus perspective and adjust to lower deal volumes," Natalie Machicao, vice president at executive search firm Sheffield Haworth in New York.more deeply affected than coverage or M&A," she said, noting that the trims were happening on an individual basis or smaller scale rather than a large reduction in force.
Dante DeAntonio, a director of economic research at Moody's, said employment in finance and insurance plateaued in the fourth quarter and started to decline in December.
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