Asian banks hit by another round of massive job cuts

Credit Suisse and Nomura Holdings recently announced cost cutting, all the more proving Asia’s falling job market.

According to Reuters, banks in Asia laid off loads of people after being hit by weak trading revenues and a slowdown in dealmaking and new issues.

Reuters noted that the first round of massive job cuts happened at the end of September. Recently, Credit Suisse and Japan's Nomura Holdings revealed cost-cutting measures, which also include laying off workers.

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