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Wall Street Job Cut Threat Looms

WSJ’s Liz Rappaport discusses new fears that Wall Street may reverse its recent hiring spree and begin to cut jobs, signaling that the recovery may not be as strong as thought.

WSJ's Liz Rappaport discusses new fears that Wall Street may reverse its recent hiring spree and begin to cut jobs, signaling that the recovery may not be as strong as thought. Wall Street is sending some alarm bells that the hiring surge may be over. Credit Suisse and Barclays shed jobs and many Wall Street firms are looking to cut costs. Some firms are sill adding workers but in some cases the firms are near the end of their hiring sprees.

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

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