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HomeNewsFinancial crisis, preparation for mass layoffs at US banks -HP NEWS

Financial crisis, preparation for mass layoffs at US banks -HP NEWS


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As the global financial crisis deepened, American banks began preparing for mass layoffs.

Millions of layoffs are expected in the U.S. banking sector due to declining revenue and pressure from investment banks to cut costs, according to a foreign news agency.

According to media reports, those banks will be affected where there has been more recruitment in previous years.

Foreign media say that some American banks have started to lay off more than 15,000 employees.

According to media reports, cuts are not expected in all banks, but they are taking steps to reduce costs.



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