Big banks are quietly cutting thousands of employees, and more layoffs are coming

Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to do so, with the key exception being JPMorgan Chase.

The next five largest U.S. banks cut a combined 20,000 positions so far this year, according to company filings.

A key factor driving the cuts is that job-hopping in finance slowed drastically from earlier years, leaving banks with more people than they expected.

Read the full story HERE.

Tech Layoffs Are Leaving H1B Visa Workers Scrambling for New Jobs

Layoffs sweeping the tech industry have not spared workers on temporary visas, known as H1Bs. They have just 60 days to find a new visa sponsored position before they are forced to leave the US. 

Host Zoe Thomas speaks with one worker facing this challenge and WSJ reporter Te-Ping Chen about the wider ramifications.

Amazon to Slash More Than 18,000 Jobs

Amazon is now saying it is laying off more than 18,000 employees, which is significantly more than previously planned and the latest sign that the tech slump is deepening. Su Keenan reports on Bloomberg Television.