Is this a surprise? Not for me. Due to the crisis and the following lack of recovery – or just a reformation, 80,000 investment banking jobs may go in next 18 months, counting for Wall Street/US. Simply because the decline that now lasts for three year is structural and the firms are reorganising their headcount.
In the UK, Barclays is creating 600 jobs after RBS lost 3,500 and Standard Life 600. These jobs will be in Scotland. For the coming time, there are no further clues, the research will be unveiled soon. Expected is that the movement will follow the US trend just set.
- Analyst Sees Securities Firms Slashing Jobs and Pay (nytimes.com)