The ax keeps falling on Wall Street

How headcount is changing at the biggest banks.

Erik Schatzker ErikSchatzker

October 19, 2015 — 7:47 AM EDT

It's getting lonelier at Wall Street banks.

The ax keeps falling on Wall Street.

The six largest U.S. banks, under pressure to keep a lid on expenses, cut 20,065 jobs in the third quarter, according to data posted on the firms' websites. They employed a total of 1.05 million people as of Sept. 30, down from 1.07 million a year earlier.

Bank of America Corp. made the deepest cuts, eliminating 14,345 positions, or 6.3 percent of its full-time workforce, to end the period with almost 215,200 employees. Goldman Sachs Group Inc. increased its full-time payroll by 3,400, or 10.2 percent.

 

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• don't worry, the ax will fall on everywhere in 2-3 years -TZX999- ♂ (0 bytes) () 10/19/2015 postreply 06:32:02