Financial Firms May Make Deeper Cuts, Eliminate 175,000 Jobs

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9D9UjMULF4o#

They'll wake up one day and realize that they've cut too deep and now these businesses have come back and they don't have anybody to do them.'' Wall Street has a tendency to over-hire in bull markets and over-fire in down markets,’’ Goldstein said. ``This is just another example of that.’’