FierceFinanceFierceFinanceITFierceSarbox   FierceCIO
About | Sample | Privacy

Wall Streeters taking the hits hard

Tools
Tags
Job Cuts
Banking Industry

If you've been around long enough, you've seen this sort of thing before. When the bubble bursts, the job cuts come willy nilly, stealthily or not. The media latches on, and pretty soon we see the obligatory articles quoting psychologists who have seen an uptick in business from laid-off, reeling Wall Streeters. This time around, the anger is raw and real. This New York Times article is a good read. It's tough getting real work done when you know the axe is swinging. Frankly, we all react in different ways. Some will suck it up. Others will crumble. Of course, Wall Street "happens" in booms and busts. It sounds like a cliché, but you've got to somehow turn it to your advantage. Easier said than done, I know.

For more:
- here's the New York Times article

Related Articles:
Stealth layoffs hitting Wall Street
Pimco sees hiring opportunity in Wall Street crunch
Sad tale: When Wall Street hits Main Street

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

What is 11 + 22?
To combat spam, please solve the math question above.