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Wall Street Layoffs

As more financial institutions, like Lehman Brothers, declare bankruptcy, Wall Street layoffs continue to escalate. It is said that only 20% to 25% of Lehman employees will find Wall Street jobs post layoff. More and more investment banks and brokerages are shedding jobs, equal to about 5% of their workforce. Will this Wall Street layoff trend continue on a downward spiral for the rest of 2008?

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