Market Currents

No formal announcements have been made, but signs of another wave of Wall Street job cuts are...

Wednesday, June 6, 2012, 11:34 AM ET
No formal announcements have been made, but signs of another wave of Wall Street job cuts are popping up. Trading volumes are low, M&A activity is falling, low rates are squeezing lending profits, and the IPO market - not strong to begin with - hit a wall 2 weeks ago. The revenue to keep staffing at current levels just isn't there.

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This news story has 5 comments:

Tony Petroski Comments (6373)

Not to worry. The city of New York is hiring Coca cola inspectors and salt monitors--not quite the same pay but the retirement benefits are solid.

One catch: you have to be a member of the International Brotherhood of Soda Sniffers.

6 Jun 2012, 11:48 AM Reply Like

giftha Comment (1)

time to fire ppl who sit around and make no real contribution

6 Jun 2012, 12:38 PM Reply Like

jackooo Comments (1122)

Can't fire them... They are either in a union or the mayor!!

6 Jun 2012, 02:05 PM Reply Like

swaps Comments (932)

GS could lower salaries and bonuses ten percent to keep ten percent more on the payroll...but this is the rugged lizard eat lizard world of the federal bailout welfare drama kings.

6 Jun 2012, 04:49 PM Reply Like

A Newell Comments (327)

I belong to the International Fellowship of Salt Licker's, does this count?

7 Jun 2012, 11:06 AM Reply Like

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