Economy

Economy

Banks Terminate 60,000 Workers In the Bleakest Year Since 2008

Big banks said adios to more than 60,000 employees as plummeting profits and uncertain economic conditions forced many institutions to make tough calls.  The Financial Times has calculated that just 20 of the largest banks in the world have terminated at least 61,905 jobs in 2023, making it one of the worst years for such reductions in the sector

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