Recession Too Mild A Word

By Pablo Ouziel

Yet yesterday in Crain's New York Business this could be read: "Only weeks after financial-sector employment in the city hit levels not seen since the technology-stock bubble, investment banks have switched into firing mode and halted most job searches ...

As a result, at least 10,000 Wall Streeters of all stripes could lose their jobs by year's end, according to estimates from Manhattan recruiting and consulting firm Options Group."

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