Wall Street banks cut more than 5,000 jobs despite record profits
businesscompany-earnings 3 posts · 3 accounts
The biggest Wall Street banks cut more than 5,000 jobs in the first quarter even as earnings hit records, showing efficiency drives are still running through a boom.
From the sources (3 posts)
@thestalwartWall Street Banks Cut 5,000 Jobs in Most Profitable Quarter Ever
@businessThe biggest banks on Wall Street didn’t let record earnings stop them from trimming more than 5,000 jobs in the first quarter.
@exec_sumBREAKING: Wall Street banks collective cut over 7,000 jobs in Q1 despite posting record-breaking earnings Wells Fargo accounted for 4,200 cuts as it undertakes a massive post-scandal turnaround