/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;It&amp;#8217;s not even noon and already it&amp;#8217;s been revealed that four banks are making significant layoffs.&lt;/p&gt;&lt;p&gt;Credit Suisse is slashing 5,300 or 11 percent of its staff, Nomura (the proud owner of Lehman&amp;#8217;s overseas ops) is cutting about a grand&amp;nbsp;in the U.K., the not-so Royal Bank of Scotland is rumored to be making more than 2,000 redundant and, in perhaps the worst news of all, New York-based middle market investment bank Jefferies has started to reduce its headcount by 10 percent, signaling that what had previously thought to be a relatively safe little sector of the banking industry&amp;#8212;the middle market&amp;#8212;is certainly not immune to the tornado of cuts sweeping the industry, and just about every other industry as well.&lt;/p&gt;&lt;p&gt;To keep track of all the downsizing, check this out: Vault&amp;#8217;s layoff tracker, which is, unfortunately, being updated several times a day.&lt;/p&gt;

Derek Loosvelt

Article

Private Equity On-Cycle Hiring Is Faster, Earlier, and Wilder Than Ever

Investment Banking Internships for Summer 2027 Are Open: How, When, and Where to Apply

MBA vs. CFA: Which Pays Off More for Banking and Finance Professionals?

How AI is Changing Careers in Banking and Finance

The Library

When Will It End? Banking Layoffs Keep Coming

It’s not even noon and already it’s been revealed that four banks are making significant layoffs.Credit Suisse is slashing 5,300 or 11 percent of its staff, Nomura (the proud owner of Lehman’s overseas ops) is cutting about a grand in the U.K. , the not-so Royal Bank of Scotland is rumored to be making more than 2,000 redundant and, in perhaps the worst news of all, New York-based middle market investment bank Jefferies has started to reduce its headcount by 10 percent, signaling that what had previously thought to be a relatively safe little sector of the banking industry—the middle market—is certainly not immune to the tornado of cuts sweeping the industry, and just about every other industry as well.To keep track of all the downsizing, check this out: Vault’s layoff tracker, which is, unfortunately, being updated several times a day.

When Will It End? Banking Layoffs Keep Coming | Career Advice - Vault

Vault by Infobase

When Will It End? Banking Layoffs Keep Coming

Employers

Schools

Vault Gold

Careers

Blog

Vault Law

Contact Us

Help Center