The Bad, The Sad and The Ugly: 10,000 Wall Street Jobs Will Be Gone By New Year's

This fall's Wall Street layoffs are going to be brutal. Even for people who keep their jobs, perks are getting decimated. New York state Comptroller Thomas DiNapoli said Tuesday.

After adding 9,900 jobs between January 2010 and this April, the industry shed 4,100 jobs through August and could lose nearly 10,000 more by the end of 2012, DiNapoli said. That would bring the total industry loss to 32,000 positions since the economic crisis of 2008. The sector employed 166,600 people in investment banks, securities trading firms and hedge funds as of August.

DiNapoli said New York Stock Exchange firms earned $9.3 billion in the first quarter of this year, but declined sharply in the second quarter and are likely to reach $18 billion for the year, a third less than in 2010….

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