Finance: Few in the financial sector are feeling secure about their positions. The latest employment figures from the Department of Labor show financial firms have eliminated an estimated 110,000 jobs over the past year through September, and experts say there will be even more losses in the months ahead.
As financial firms reorganize and consolidate, there are going to be a lot more layoffs, Baker said.
"Financial services firms have cut tremendously and I don't think that's over," echoed Lee Pinkowitz, associate professor at Georgetown University McDonough School of Business.
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