As Wall Street firms continue to consolidate, many financial professionals are losing their jobs. Others are having a difficult time finding work. Very few have been able to walk away from the financial crisis completely unscathed.
“What happens when a big company buys a smaller one is that they find out that they’ve got functions that are duplicating each other,” Kerry Given, Founder and Managing Director of Parkwood Capital, LLC, told StreetID. “They realize they can get rid of some people.”
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