And the layoffs may not be over at JP Morgan, Goldman, Morgan Stanley, Barclays / Lehman, B of A / Merrill, etc.; as many as 15% more could go
CNBC's Charlie Gasparino reported that his sources are telling him that with Wall Street business showing no signs of recovery, investment banking firms are preparing to cut even deeper. As much as 15% more employees -- pretty much at all of the Wall Street firms -- could be cut as early as this year or possibly next year. He said that big layoffs are coming up at Barclays / Lehman. And with the merger of Bank of America / Merrill 10K could be let go. Morgan Stanley, Goldman Sachs and even JP Morgan (which is separately shuttering a prop desk with some being fired) are also all contemplating cuts, possibly as deep as 15%.
It's getting uglier.






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