There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
Category: Layoffs and Job Reductions
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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
The New York Times – Business: -
Streaming’s Golden Age Is Suddenly Dimming
The New York Times – Business:After years of breakneck growth, the number of scripted TV series orders made by networks and streamers is in decline.
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How a Sprawling Hospital Chain Ignited Its Own Staffing Crisis
The New York Times – Business:Ascension, one of the country’s largest health systems, spent years cutting jobs, leaving it flat-footed when the pandemic hit.
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Washington Post Publisher Announces Plan for Job Cuts
The New York Times – Business:Fred Ryan, the news outlet’s publisher, said in a meeting with employees that cuts jobs would amount to a single-digit percentage of staff.
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The Week in Business: Labor Actions Sweep Britain
The New York Times – Business:The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets.
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China’s Youths, Stung by Years of Covid Rules, Fear Grim Job Future
The New York Times – Business:A sluggish economy continues to leave many young people unemployed, with few job prospects or hopes to tap into the rising incomes their parents enjoyed during boom times.
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An Activist Investor Takes on BlackRock Over E.S.G.
The New York Times – Business:A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down.
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business:The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business:The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.