Thousands of bankers laid off in the US

Capital market activities such as acquisitions and public offerings decreased on Wall Street as the uncertainty put pressure on economic activities.Banks, which have difficulties in finding new employees due to the shortage of employment experienced during the epidemic process, are trying to reduce employment rapidly this year.

As of the end of March 2020, the five largest US banks JP Morgan Chase, Bank of America, Morgan Stanley, Goldman Sachs and Citi hired 100,000 people, while employing more than 800,000 people, more than ever before.