When 2015 came to a close, Wall Street employed 172,000 people — the highest number since the 2007-2008 financial crisis according to a recent report by the New York State Department of Labor. But as 2016 unfurls, we’re hearing more and more of the bulge bracket firms announcing layoffs. Barclays (6000 people), RBS (14,000 IB jobs by 2019), Morgan Stanley ($150m reserved for severance packages), and Bank of America have all communicated that they’re paring their staff down. In fact, according to Bloomberg, only Goldman Sachs is experiencing net-growth in its full time ranks.

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