Cantor Fitzgerald to lay off hundreds of staff

Cantor Fitzgerald is reportedly planning to make hundreds of job cuts, a move that would mark the largest reductions of any major Wall Street firm during the pandemic. Operated by Howard Lutnick, the firm made the decision to lay off staff to secure itself in the face of the economic downturn, according to Bloomberg, which cited sources familiar with the matter. The publication, citing those sources, said cuts to Cantor’s commercial real estate units had

source https://therealdeal.com/2020/04/17/cantor-fitzgerald-to-lay-off-hundreds-of-staff/