That's the thrust of this evening's big feature in the WSJ: Just as summer vacation season winds down, the threat of layoffs looms once more.
Barclays Capital, the investment-banking unit of Barclays PLC, has eliminated about 400 jobs, most of them back-office positions. Credit Suisse Group AG has warned its staff that the Swiss bank might trim 75 positions from its London office.
And other firms are contemplating cuts as they look at their bonus pools for 2010 amid sluggish securities sales and trading. The outlook for merger activity also remains cloudy despite last week's surge in deal making to its highest level since December 2009.
Read more: http://www.businessinsider.com/wall-street-job-cuts-2010-8#ixzz0xP0cE13m
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