Wall Street gears up for job cuts as pandemic drags on

Banks have started to trim small numbers, but 2021 is expected to bring deeper cuts

22 November 2020 - 00:06 By

The days of job security on Wall Street have been short-lived. Goldman Sachs’s second round of several hundred firings over three months is another sign that the pandemic pause on layoffs just kicked the cost-cutting can down the road.

The bank and its rivals have started to trim small numbers, but 2021 is expected to bring deeper cuts...

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