Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.
Bloomberg noted that Wells Fargo, Citigroup and Bank of America fired over a thousand employees each. The former did so the most, cutting almost 4,200 jobs. JPMorgan and Morgan Stanley, in turn, hired staff. Last year, the main banks reduced the most amount of jobs in a decade.
