Wall Street Job Losses Approach 40k
Friday, April 18, 2008 - 11:24 am
During the downturn of 2001-’02, Wall Street shed approximately 90,000 jobs. The bodycount is approaching 40,000 in the U.S. this cycle, with more to follow. Some areas like fixed income are getting hit harder than others, and the pain is spreading to London, which is girding for losses in the 20,000 range.
Headhunters are so busy they are not picking up the phone, and might actually turn out to be beneficiaries of the turmoil.
There is opportunity in the chaos; go out and find it!
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