US banks postpone job cuts amid corona virus outbreak!
News by Editorial Team 27 Mar 2020
In a recent development, all the big banks of the US have postponed their decisions about firing their employees, as the coronavirus outbreak has hit their businesses hard. The banks’ executives are not sure how long the outbreak would hurt the economy and are worried about businesses suddenly snapping back. Banks like Morgan Stanley, Goldman Sachs Group Inc., Wells Fargo & Co, Deutsche Bank AG, HSBC Holdings PLC, and Citigroup Inc. on Thursday reassured their employees both privately and through public statements that there would be no job cuts on the table.