wall street

Wall Street Prepares For Over 100,000 Layoffs

Wall Street Prepares For Over 100,000 Layoffs

Six digits on Wall Street usually has a very different meaning. This fall, the country's financial firms could lay off more than 100,000 workers in a wave of belt-tightening, reports say. Leading the charge have been the widely noted cuts to be put in place at Bank of America. The bank is set to implement the... Read More »

Bank Of America Will Eliminate 30,000 Jobs

Bank Of America Will Eliminate 30,000 Jobs

NEW YORK (AP) -- Bank of America is slashing 30,000 jobs as part of an effort to reverse a crisis of confidence among investors. It's the largest single job reduction by a U.S. company this year. Read More »

Yahoo CEO Bartz Fired Over The Phone, Rocky Run Ends

Yahoo CEO Bartz Fired Over The Phone, Rocky Run Ends

By Alexei Oreskovic and Edwin Chan (Reuters) - Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search... Read More »

Layoffs Sweep Wall Street, Along With Low Morale

Layoffs Sweep Wall Street, Along With Low Morale

By Lauren Tara LaCapra (Reuters) - In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad. The museum-quality prints, depicting workers... Read More »

$100,000 Jobs You Can Get With A High School Degree

$100,000 Jobs You Can Get With A High School Degree

Going to college used to be a nearly sure way of getting a steady job. But as many recent graduates will attest, this is no longer the case. However, there are hundreds of thousands of high-paying jobs that don't require a degree. 24/7 Wall St. has identified the ten highest-paying jobs that only require a... Read More »

Goldman Sachs to Slash 1,000 Jobs as Revenues Slow

Goldman Sachs to Slash 1,000 Jobs as Revenues Slow

Goldman Sachs Group, one of Wall Street's largest employers, plans to cut about 1,000 jobs as part of a $1.2 billion cost-cutting measure, the company said Wednesday. The job-cuts announcement followed Wednesday's release of Goldman's second-quarter earnings, which showed that revenues derived from the... Read More »

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