A week of Wall Street layoffs
NEW YORK (CNNMoney) -- As protesters find new ways to "Occupy Wall Street", major financial firms have been busy handing out pink slips this week.
It's the second week of what's expected to be a brutal season for job cuts as big banks have already announced that there will roughly 75,000 fewer people working at their firms.
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Mid-to-late November is typically the season for layoffs, as banks want to avoid making cuts during the holidays in December. By doing it before year-end, these employees aren't eligible for bonuses.
A week of Wall Street layoffs - Nov. 18, 2011
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With all the crap the Big Banks have pulled, from fraud to predatory lending and now this, some people still defend the banks!!!!!
NEW YORK (CNNMoney) -- As protesters find new ways to "Occupy Wall Street", major financial firms have been busy handing out pink slips this week.
It's the second week of what's expected to be a brutal season for job cuts as big banks have already announced that there will roughly 75,000 fewer people working at their firms.
<Snip>
Mid-to-late November is typically the season for layoffs, as banks want to avoid making cuts during the holidays in December. By doing it before year-end, these employees aren't eligible for bonuses.
A week of Wall Street layoffs - Nov. 18, 2011
-----------------------------------------------------------------
With all the crap the Big Banks have pulled, from fraud to predatory lending and now this, some people still defend the banks!!!!!
