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‘Overhiring’ in some areas has led consultancies to make job cuts, say recruiters and analysts
Cuts under annual ‘strategic resource assessment’ scheme expected to be at lower end of range
Executives pay steep price to unwind overexpansion during Covid-19 pandemic
Executives try to reverse pandemic recruitment spree that propelled headcounts to record highs
Chief financial officer says US debt ceiling stand-off knocked trading business in second quarter
President John Waldron says bank on track to hit or exceed a $600mn payroll savings target
Wall Street bank considers eliminating fewer than 250 employees after making deeper reductions earlier in the year
Dismissals follow government-orchestrated takeover of California-based bank
Latest round of reductions comes as Wall Street adjusts to extended dealmaking slump
Big Four firm the latest to respond to slowdown in advisory business
The legality of liquidity versus solvency
Shareholders are worried about lower profits and more regulation after collapse of Silicon Valley Bank
Amazon, Meta, Alphabet and Microsoft reveal hefty price tag as they rein in spending
Lenders that lost billions will get back as little as 5 cents on the dollar from restructuring
Firings expected to be ‘super brutal’, with Credit Suisse, Goldman Sachs and Morgan Stanley already laying off staff
Dealmaker pool to fall 40% in line with Goldman but a bigger drop than most rivals
Lender braced for ‘sustained period of lower deposits’ even as its faith in digital asset industry remains intact
Swiss lender steps up wave of job cuts as it prepares to announce second consecutive annual loss
Group pays some bankers no bonus for last year’s work while giving others 30 minutes to leave
World’s largest asset manager to shed staff as industry braces for tough 2023
Wall Street bank reviews spending on everything from private jets to new consumer and tech unit
Cryptocurrency exchange will cut 950 jobs to ensure it can ‘weather downturns’ in the market
Wall St bank scaling back consumer operations and confronting slowdown in investment banking
Investment bankers who survive cull could face bonus reductions of 40% or more
Chief executive David Solomon is trying to boost profitability amid economic headwinds
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