Projected Wall Street Job Losses Close To 200,000—Here’s The Latest

wall street layoffs citigroup pandit

The news keeps getting worse for Wall Street workers.

Bloomberg says total finance job losses are approaching a fifth of a million (via SFGate).

Citigroup just announced big cuts, and Bank of America is actively handing out pink slips.

We’ve put together all the updates since our last bank-by-bank slideshow.

For a roundup of all the expected layoffs to date, Reuters has a great breakdown.

All those laid-off MF Global employees are going to have a hard time in this job market.

[slideshow]
[slide
permalink=”bnp-paribas-1″
title=”BNP Paribas”
content=”Jobs to be cut: Nearly 1,400

Units affected: ‘Corporate and investment bank’

Locations of layoffs: France, globally; the Israel branch was just shuttered, costing 50 jobs

SOURCE: WSJ
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[slide
permalink=”bank-of-america-2″
title=”Bank of America”
content=”Jobs just cut: ’40 per cent’ of the Dubai sales and trading division

Other units affected: Merrill Lynch equities group in Europe

Locations of layoffs: Global; they began Tuesday at the Charlotte headquarters

Total expected cuts: 30,000

SOURCE: Bloomberg
image=”http://static.businessinsider.com/image/4eb16f386bb3f7af5a00001c”
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[slide
permalink=”citigroup-3″
title=”Citigroup”
content=”Jobs to be cut: Around 3,000

Units affected: ‘Securities and banking unit,’ unknown others

Locations of layoffs: Unknown

SOURCE: DealBook
image=”http://static.businessinsider.com/image/4e271c594bd7c83341180000″
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[slide
permalink=”socgen-4″
title=”SocGen”
content=”Jobs to be cut: Around 500

Units affected: Unknown

Locations of layoffs: Unknown

SOURCE: Reuters
image=”http://static.businessinsider.com/image/4e438ec3eab8ea6232000025″
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[slide
permalink=”hsbc-5″
title=”HSBC”
content=”Jobs just cut: 100

Units affected: Back office, private bankers, insurance

Locations of layoffs: New York

Total expected cuts: 30,000 in the next two years

SOURCE: NYPost
image=”http://static.businessinsider.com/image/4d4b16d7ccd1d5850c330000″
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[slide
permalink=”credit-suisse-6″
title=”Credit Suisse”
content=”Jobs to be cut: 1,500

Units affected: Securities

Locations of layoffs: Unknown

SOURCE: Bloomberg
image=”http://static.businessinsider.com/image/4d2b2a4049e2ae9a4e1f0000″
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[slide
permalink=”nomura-7″
title=”Nomura”
content=”Jobs just cut: 400

Units affected: Unknown

Locations of layoffs: New York, U.K.

SOURCE: Business Insider

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[slide
permalink=”now-check-out-what-actually-goes-down-during-a-wall-street-layoff–8″
title=”Now check out what actually goes down during a Wall Street layoff >>”
content=”Here’s What Happened Outside Of MF Global When All The Employees Got Fired
image=”http://static.businessinsider.com/image/4ebd8a98eab8eaa640000048″
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[/slideshow]