Thousands Of Layoffs To Hit Wall Street This Fall

Business Insider ^ | 08/23/2011 | Julia La Roche and Courtney Comstock

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Enjoy August.

Come autumn, layoffs will hit Wall Street like an automatic weapon.

With recession outlooks seeming more plausible than ever and banks struggling in the new regulatory environment, banks need to get stronger and raise capital.

Nearly every firm is planning to lay off thousands.

Check out who has it the worst.

CLICK ABOVE LINK FOR THE LIST OF BANKS AND INVESTMENT FIRMS ANNOUNCING LAYOFFS ( AND HOW MANY ).

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[Tempest]

Outsourcing comes to the outsourcers

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I’d really like to see what the unemployment numbers will be like come October.