Planned Layoffs at U.S. Financial Services Firms Slow, but…
New York, NY – According to global outplacement consultancy Challenger, Gray & Christmas, Inc. planned job cuts by U.S.-based financial services companies fell 15 percent in October to continue the...
View ArticleOvercapacity Leads to Cuts at Nomura’s Equity Research Group
New York, NY – A few weeks ago, Japanese investment bank, Nomura cut a large number of staff in the firm’s London equity research operation. Management cited overcapacity and a continued period of...
View ArticleU.S. Financial Sector Continues To Slash Jobs
New York, NY – According to Challenger, Gray & Christmas, Inc. planned job cuts by U.S.-based financial services companies surged 49% in August as a result of layoffs in mortgage lending units due...
View ArticleChallenger Gray & Christmas Report Bearish for Employment Outlook
New York, NY – According to Challenger, Gray & Christmas, Inc. planned layoffs at U.S.-based financial services companies rose 26% in October due to a continued slump in mortgage refinance...
View ArticleWall Street Jobs Outlook Improves Modestly
While most experts believe that job opportunities on Wall Street are likely to increase in 2014, they also agree that the financial services employment outlook is unlikely to approach the go-go...
View ArticleFinancial Sector Job Cuts Surge Last Month
Despite the modest improvement in the jobs outlook seen across much the economy recently, Wall Street continued to slash jobs last month as weakness in mortgage applications, weakness in trading, and...
View ArticleLike Main Street, Wall Street Jobs Outlook Bleak
New York, NY – The general employment outlook in the US remains weak as hiring has not been able to keep pace with new entrants into the labor force and an increasing number of layoffs. However, the...
View ArticleLayoffs on Wall Street Continue to Swell
New York, NY – Based on data collected by global outplacement firm Challenger, Gray & Christmas, Inc. layoffs on Wall Street for the first eleven months of 2011 are up significantly over the same...
View ArticleWall Street Layoffs Continue
New York, NY – Last week, an article out of the UK revealed that investment bank, Jefferies & Company is planning to cut its London-based research staff due to weakness in equity trading volumes,...
View ArticleNomura Tries to Smooth the Waters
Nomura appointed the former head of UBS’s global equity research to run its European equity research after a major shake-up that led to nearly 20 employees being cut from its research team. Alan...
View ArticleS&P Cap IQ Downsizes Equity Research Biz
S&P Capital IQ, the research and market data division of McGraw-Hill Financial, announced that it is trimming its equity research group by laying-off close to 50 analysts. This followings a...
View ArticleLayoffs Surge In April, Though Signs of Improvement Show
Layoffs in the financial services industry surged in April as Wall Street firms continued to slash jobs last month due to weakness in mortgage applications and overall rightsizing at many of the...
View ArticleWall Street Jobs Picture Improves Modestly In May
Wall Street firms experienced a modestly improved jobs picture in May as fewer layoffs were announced due to a slowdown in the recent rightsizing trend among investment banks. However, this does not...
View ArticleWall Street Layoffs Slow in June, But Second Half Picture Not Rosy
Layoffs at many Wall Street firms slowed in June as often happens during the summer. However, the employment outlook for the financial services industry doesn’t look so bright as we look to the second...
View ArticleLayoffs Surge on Wall Street As Volumes Remain Weak
Wall Street layoffs spiked in July as many investment banks have made cost cutting a priority due to poor market conditions including weak trading volumes, low volatility, and poor results from their...
View ArticleWall Street Layoffs Shrink While Hiring Remains Weak
Layoffs at Wall Street firms shrunk in August as the summer doldrums put a temporary halt to cost cutting efforts seen recently at many banks. Unfortunately, weak cash equity volumes also kept a lid...
View ArticleWall Street Layoffs Continue to Shrink While Hiring Stalls in September
Layoffs at Wall Street investment banks and brokerage firms fell in September to the lowest level seen in more than one year, according to a recent private jobs report. However, the September layoff...
View ArticleWall Street Layoffs Jump While Hiring Stalls in October
Layoffs at Wall Street investment banks and brokerage surged in October to the highest level seen since April, 2014, according to a recent private jobs report. In addition to the pickup in layoffs,...
View ArticleThe Slow and Bumpy Recovery in Equities Hiring
The following perspective on equities staffing is from Oliver Rolfe, who heads Spartan Partnership, a London-based executive search firm specializing in equities recruiting. Over the past 6 years the...
View ArticleWall Street Jobs Picture Brightens in November
Layoffs at Wall Street investment banks and brokerage firms plunged in November 2014 after surging the previous month, according to a recent private jobs report. In addition to the drop in layoffs,...
View ArticleWall Street Job Outlook Ends 2014 On Upbeat Note
Layoffs at Wall Street banks and brokerage firms dropped for the second month in a row in December 2014, according to a private jobs report. New hiring, on the other hand, posted a meager gain in...
View ArticleWall Street Jobs Picture Worsens in January
Despite the healthy January nonfarm payroll report released last week, the jobs picture on Wall Street worsened significantly. Layoffs at Wall Street banks and brokerage firms surged while new hiring...
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Wall Street Job Outlook Brightens During February, but…
The improvement seen in the overall employment picture over the past few months was evident in the financial services industry in February, according to a private jobs survey. Layoffs at Wall Street...
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