Tuesday, July 30, 2019

Does this tell you anything?

Some employment news from Wall Street:

Citigroup is planning to cut almost 10 percent of its equities trading unit staff following a precipitous decline of 17 percent in its equities trading revenue for the first half of 2019.

In July Deutsche Bank said that it was trimming 18,000 jobs over the next three years and completely exiting its stock trading business.

In March Goldman Sachs began laying off workers, including some traders in its equities trading unit.

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