7. Brother, Can You Spare a Dime?
Layoffs at banks, brokerages and other financial institutions more than doubled in May, rising to 4,424 from 1,768 cuts in April. So far this year, the industry has announced 17,284 layoffs, behind only firms in the computer and transportation sectors.
— Kelly Eggers, Dowjones.com
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio