Wall Street Firms Cut 34,000 Jobs, Most Since 2001 Dot-Com Bust By Yalman Onaran

Wall Street banks hit by mortgage losses and writedowns have cut more than 34,000 jobs in the past nine months, the most since the dot-com boom fizzled in 2001….

…“This crisis is much worse than 2001 and we don’t know how long it’s going to last,” said Jo Bennett, a partner at executive …