Financial News' very own Kristen McGachey braved the cold of Davos to report back on the world elite's priorities for 2023 as they face harsh economic realities.
For finance bosses descending on the little Swiss town, discussion of job cuts and cost savings was never far away. In recent weeks, thousands across the industry heard they couldn’t count on keeping their jobs as Goldman Sachs, Barclays, Citigroup, Deutsche Bank and Morgan Stanley all re-introduced annual cuts of underperforming staff, while Credit Suisse cut 2,700 as part of a broader cull that will eventually see 9,000 employees exit by 2025.