Fired Bankers’ Job Prospects Fade With Firms Under Pressure to Cut Costs
“Financial services and banking has too many people,” said Alan Johnson, the head of compensation-consulting firm Johnson Associates Inc., who predicts the industry’s headcount will shrink 10% by mid-2021 from its level as the pandemic began. “Next year is going to be very low hiring. There’ll be some layoffs.” One silver lining for job hunters…