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Wall Street Warns It Will Cut NYC Workforce in Coming Years

  • Almost a quarter of financial-services firms are planning cuts
  • Just 28% of office workers are back on an average weekday
Updated on

Almost a quarter of financial-services firms are planning to reduce their workforces in New York City in the next five years. 

That was the highest share of any industry, according to a statement Wednesday from the Partnership for New York City, which surveyed the city’s major employers over a 10-day period last month. Overall, 13% expect to cut their workforces, while roughly a third said their need for office space will decline.