As layoffs ripple across Wall Street, some banks stay in ‘hiring mode’

As layoffs ripple across Wall Street, some banks stay in ‘hiring mode’

Some firms across the financial industry are giving workers the boot after dealmaking activity tumbled last year and as a potential recession looms.

But the picture among Wall Street’s six biggest banks is mixed when it comes to the scale of these layoffs.

And some firms are even adding staff in this environment — as JPMorgan chief Jamie Dimon said last week, his bank is in “hiring mode.”

Along with financial results for the fourth quarter, Goldman Sachs (GS) and Morgan Stanley (MS) each…


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