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Big Bank Layoffs Number Thousands - With More On The Way

Almost all of the major banks in the U.S. have been quietly cutting headcounts, with some indicating during earnings season that more job losses could be on the way.

United statesMike santomassimoCharlie scharfJane fraserFinancial servicesWells fargoGoldman sachsMorgan stanleyFirst republicBig bankJpmorgan chase

How our banks Wells Fargo and Morgan Stanley performed against peers

Some businesses performed better than others. However, none of them has been rewarded with higher stock prices yet.

Goldman sachMorgan stanleyJames gormanMike santomassimoJamie dimonDavid solomonGoldman sachsJim cramerMorgan stanelyFederal reserveBank indexWells fargoJim cramer charitableWall streetCharitable trustBreaking news markets

US Banks Are Laying Off Tens of Thousands

While tech layoffs may get more headlines, US banks are laying off tens of thousands of workers in 2023.

Mike santomassimoChris marinacJanney montgomery scott

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.

United statesCharlie scharfJane fraserMark masonJamie dimonJames gormanMorgan stanleyChris marinacJanney montgomery scottMike santomassimoGoldman sachsWells fargoFederal reserveWall streetChicago catch upNew york based

Big banks cut thousands of jobs, more layoffs coming

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.

United statesJanney montgomery scottMorgan stanleyCharlie scharfMark masonJamie dimonMike santomassimoChris marinacJane fraserJames gormanWells fargoFederal reserveGoldman sachsWall streetNew york basedFirst republic

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