The US labor market may be booming — but it’s been a bloodbath on Wall Street.
A recent wave of layoffs from some of the biggest banks is making it harder than ever to get a job on Wall Street, recruiters and other insiders say.
On Monday, banking giant HSBC announced more than 4,750 layoffs as the company looks to rein in costs — a culling that brings the total number of bankers out of work this year to more than 23,000 globally.
HSBC’s announcement comes on the heels of more than 18,000 cuts from Deutsche Bank, and hundreds more from Citigroup, Goldman Sachs and other powerhouses that have slimmed ranks this year.
While it’s unclear how many of those positions are based in New