Wall Street's Shrinking Workforce

The video discusses job cuts in financial firms like HSBC and State Street, highlighting automation and cost-cutting as key factors. Despite receiving significant tax cuts, banks are still laying off employees, challenging the notion that tax cuts create jobs. The video also covers potential transformations at Goldman Sachs under new leadership, focusing on changes in their fixed income and commodities sectors.

What are some reasons mentioned for job cuts in financial firms?

What impact does automation have on job cuts in the financial sector?

How much in tax cuts did banks receive, according to the text?

What transformation is Goldman Sachs potentially undergoing?

Who is David Solomon and what changes is he expected to bring?