Thousands Of Layoffs To Hit Wall Street This Fall (CS, DB, GS, JPM, C, UBS, BCS)

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Enjoy August.

Come autumn, layoffs will hit Wall Street like an automatic weapon.

With recession outlooks seeming more plausible than ever and banks struggling in the new regulatory environment, banks need to get stronger and raise capital.

Nearly every firm is planning to lay off thousands.

Check out who has it the worst.

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