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Biggest investment banks cut more jobs in 2024 after a brutal year

Banks slashed thousands of roles in 2023, but still have a ‘laser focus’ on costs

Investment banks are expected to continue to axe jobs, despite already stripping out thousands of roles in 2023
Investment banks are expected to continue to axe jobs, despite already stripping out thousands of roles in 2023 Photo: In Pictures via Getty Images

The world’s biggest investment banks are continuing their brutal headcount reduction in 2024 as slashing costs stays on the agenda despite an uptick in deal fees.

The top 12 investment banks cut another 100 front-line dealmaker jobs during the first quarter of 2024, according to figures provided to Financial News by analytics firm Coalition Greenwich.

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