Wall Street Prepares For Over 100,000 Layoffs

Dan Fastenberg
over 100,000 layoffs coming to Wall Street
over 100,000 layoffs coming to Wall Street

Six digits on Wall Street usually has a very different meaning. This fall, the country's financial firms could lay off more than 100,000 workers in a wave of belt-tightening, reports say. Leading the charge have been the widely noted cuts to be put in place at Bank of America. The bank is set to implement the largest single job reduction throughout the country this year, according to the AP. (The reductions are to start now, and will continue to materialize through 2014).