New York comptroller predicts blow to economy
(NEWSER) - It looks like a lot of Wall Street denizens will be joining the ranks of the unemployed soon, New York’s state comptroller warns in a report released today, predicting that the securities industry will shed nearly 10,000 jobs by the end of 2012. The industry has already cut 4,100 jobs since April, and deeper cuts are likely inevitable, as several companies have announced that they’re cutting costs, the Wall Street Journal reports. More»
