November 28, 2007
Banks and financial services firms are cutting tens of thousands of jobs. Of course they give all kinds of reasons (excuses). I bet the big cheeses are still reaping their bonuses.
Bear Stearns since August has announced 1,490 job cuts
Bank of America - 3,000
Credit Suisse - 150
Capital One - 3,900
Citigroup - 17,000
Countrywide - 10-12,000
HSBC - 600
JP Morgan Chase - 100
Lehman Brothers - 2,450
Morgan Stanley - 900
National City - 2,500
SunTrust - 2,400
Wachovia - 2,200
Washington Mutual - 1,000
Wells Fargo - 170
Want to bet there won't be more? I'm sure they will all have a Merry Xmas!!!!
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