Friday, October 24, 2008

Wall Street job losses could top 200,000

Wall Street Job Losses - Wall Street has already laid off 110,000 people in 2008 as a result of the financial crisis, and some experts see that number reaching 200,000 by the end of the year. Goldman Sachs Group said Thursday it would cut 3,200 jobs, or 10% of its work force. 'Wall Street the way we know it is, frankly, gone,' said Michael Williams, dean of the graduate school of business at Touro College in New York.
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