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Wall Street warns it will cut NYC workforce in the next five years

Overall, 13 per cent of employers in the city expect to reduce their workforces in coming years

Wall Street, US stocks, S&P, Dow Jones
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Just 28 per cent of the city’s one million office workers are back on an average weekday, according to the October survey

Jennifer Surane | Bloomberg
Almost a quarter of financial-services firms are planning to cut their workforce in New York City in the next five years, according to a survey by the Partnership for New York City. 

That was the highest share of any industry surveyed, according to a statement Wednesday. Overall, 13 per cent of employers in the city expect to reduce their workforces in coming years, while roughly a third said their need for office space will decline.  

Just 28 per cent of the city’s one million office workers are back on an average weekday, according to the October survey. That’s still an improvement from