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: or

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