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 With the recession official, banks are trimming back. Tuesday many banks announced more layoffs. See the latest announcements after the jump.
Many U.S. banks are trimming back before the end of the fourth quarter.
International banks are also announcing layoffs.
Fortunately, there are jobs out there for bankers who are looking for work. The Deal's Career Center has some of the latest opportunities in the market. - Maria Woehr Also see: Layoff roundup: WaMu, Barclays and BoNY The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more More bank layoffs announced Another round of bank layoffs CategoriesComments Deal Video
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The world is different today compared to the past (compared to even just a year ago). The constant march of technology makes it possible for a smaller work force to do virtually the same job as a larger workforce. As white collar employees are handed pink slips, an employer like a bank (WaMu, Bank of America) or a brokerage may be prudent to generously retain their e-mail records. The records are a valuable asset to the employer, relating to intellectual property, project management, customer relationships and more. --Ben