Since the financial crisis over 500,000 banking jobs have disappeared. Anytime there is a downturn on Wall Street jobs disappear. But is this time different?
Bloomberg states;
“Staff reductions at some of the world’s biggest banks are far from over. Deutsche Bank AG, which has held employment close to its 2010 peak, plans to slash 26,000 positions by 2018, following a trend that began with the financial crisis.”
The report continues that Citi has slashed its workforce by 1/3 since the Great Recession and the bank plans on cutting further in 2016.
But commenter Erik Schatzker fails to tackle the elephant in the room. Are these jobs ever coming back?
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