Thursday, December 31, 2015

Banks Have Cut Over A Half Million Jobs Since 2008

From BloombergBusiness, "Half a Million Bank Jobs Have Vanished Since 2008 Crisis: Chart" by Yalman Onaran:
Source: BloombergBusiness

Announced cuts in the fourth quarter total at least 47,000, following 52,000 lost jobs in the first nine months of 2015. That would bring the aggregate figure since 2008 to about 600,000. UniCredit SpA says it will eliminate about 18,200 positions. Citigroup Inc., which has reduced its workforce by more than a third, plans to eliminate at least 2,000 more jobs next year.

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