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Here's why layoffs are on the rise in the financial services industry

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A wave of layoffs from some of the biggest banks is making it harder to get a job on Wall Street, and now headhunters are being flooded with resumes, CNBC's LesliePicker reports.

 

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LesliePicker Phil Donahue was fired because he was considered unpatriotic in 2003 when we were getting into a war. I think this guy may get fired if he speaks too much anti trade war - this thin guy better watch out - he may be labelled a traitor.

LesliePicker SomeoneAskTrump No robots needed...

LesliePicker Good! They've been overpaid for years. Computers do it faster and more accurately than those gin guzzling malcontents.

LesliePicker America’s most reliable Shopping Platform Shop Now⬇️

LesliePicker But the President said this is the best economy ever Everyone who wants to work has a job, wages are going up, up, up This has to be fake news, the stories (and lies) coming out of white house says this isn't true

LesliePicker 🔑 Words: JOSEPHS

LesliePicker It’s all b/c of the A.I. & not because of lack of work

LesliePicker It’s on

LesliePicker most big banks are completely bloated vs future needs they all want to dividend back capital to sharehiolders and shrink size massively to get ROE back up again via layoffs and asset sales

LesliePicker

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Stocks plunge on Wall Street as US-China trade war escalatesNEW YORK (AP) — Stocks are plunging on Wall Street Monday on worries about how much President Donald Trump's escalating trade war with China will damage the economy. Major U.S. indexes are headed... Thanks Obama! Trade wars are good and easy to win Trump better watch his moves. The economy is the one thing that may save him next year. If that goes in the tank, he’s toast.
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