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Global financial crisis deepens, prepares for mass layoffs at U.S. banks -HP NEWS


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The global financial crisis has intensified, which has led to large-scale layoffs in American banks.

According to US media, banks are under pressure to cut costs due to the decline in investment bank revenue, which is why millions of layoffs are expected in the US banking sector.

Media reports said that those banks will be affected where there were more recruitments in previous years.

According to the American media, some American banks have started to lay off more than 15,000 employees.

Not all banks are expected to see cuts, but they are taking cost-cutting measures, the report said.

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