Expect More Layoffs In Finance Next Year

Despite generally improving U.S. domestic economic news, Chief Financial Officers at U.S. financial firms and U.S. media companies have announced an expectation that workforce reductions on Wall Street will continue through the coming year. Much of this pessimism stems from ongoing concerns about the Eurozone crisis and a still recovering U.S. economy. Surveys continue to show financial firms lagging in recovery and struggling to cope with both domestic and international economic pressures.

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Expect More Layoffs In Finance Next Year