After my post the other day about bank layoffs, the news that Goldman Sachs were to layoff 10% of their 32,500 staff led to
Here is the City posting a definitive list of the layoffs from all
banks. Here's a small selection:
%age of
Jobs Total jobs
jobs lost
lost originally
53.5
7,500 14,000
Bear Stearns
48.3
14,500 30,000
Lehman Brothers
26.3
7,900 30,000
Citi
26
5,800 22,300
UBS
25
7,000 28,000
RBS / ABN AMRO
18.2
3,650 20,000
Bank of America
11.6
2,900 25,000
HSBC
11.4
5,400 47,050
Morgan Stanley
10.5
2,100 20,000
Credit Suisse
Shocking!
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...