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Wall Street may have to carve off another 10%-12%  of its staff if it hopes to achieve...

  • Thursday, April 26, 2012, 8:30 PM ET
    Wall Street may have to carve off another 10%-12%  of its staff if it hopes to achieve higher profitability targets this year, according to a recent report by the Boston Consulting Group. The cuts may include pay reductions as well, particularly for those in the upper ranks, as financial institutions struggle to wring profit from ROEs still languishing in the single digits.
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This news story has 6 comments:

  •  
    In under 7 years, NY/ Wallstreet will no longer be the financial capital of the world. Still another 25% of the workforce needs to be shown the door.
    26 Apr 2012, 09:22 PM Reply Like
  •  
    In another 20 years it will be China and we will look back on the good ole days and wonder how we lost our edge.
    26 Apr 2012, 11:48 PM Reply Like
  •  
    Not looking good for NYC and NY state then, as they both rely heavily on those massive bonuses on wall street for taxes and high cost government.
    26 Apr 2012, 09:30 PM Reply Like
  •  
    Gosh, almost you wanna feel sorry for them.....right?
    26 Apr 2012, 11:26 PM Reply Like
  •  
    They may have to sell one of their yachts.
    27 Apr 2012, 04:30 AM Reply Like
  •  
    A lesson to be learned, all the stealing and cheating on Wallstreet does catch up with you.
    27 Apr 2012, 09:37 AM Reply Like
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