Banks shed 60,000 jobs in one of worst years for cuts since GFC
London | Global banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the global financial crisis and reversing much of their hiring as they emerged from the COVID-19 pandemic.
Investment banks suffered a second consecutive year of plummeting fees as dealmaking and public listings dried up, leaving Wall Street trying to protect profit margins by reducing headcount.
Financial Times
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