Friday, August 5, 2011

Ebrahim predicts investment banking jobs could be cut by 25% by end of year

Amid the falling the global economic growth projections, Zaheer Ebrahim (director of the Kennedy Group, a financial services recruiting firm) is projecting investment bank headcount reductions of up to 25% by year-end.

He attributes the weakening economic environment and the lower trading profits of investment banks to result in significant headcount reductions. To view the interview he gave on Bloomberg today, go to:

http://money.msn.com/money-video?vid=79fdd870-35dd-47fd-94bc-503e7dc81d1b or
http://finance.yahoo.com/video/marketnews-19148628/ebrahim-says-banks-may-cut-25-of-jobs-by-year-end-26198831

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