Leading banks, including Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Wells Fargo, Charles Schwab, UBS Group, and Lazard, have announced job cuts as part of their cost-cutting efforts amid an uncertain economic outlook. While some banks have already implemented layoffs, others are preparing for future reductions in order to streamline operations and improve efficiency. The affected positions range from support staff in compliance and risk management to underperforming employees. These job cuts reflect the banks’ strategies to position themselves for a challenging economic climate.