Grim News: Wall Street looking at yet another round of layoffs

It’s baaack.  Just like a hard-to-kill horror movie villain, Wall Street can’t seem to shake layoffs.

Goldman Sachs and Morgan Stanley are plotting to hand out pink slips to staffers in the coming weeks and months as head winds from Europe’s fiscal unrest buffets the markets, The Post has learned.

Morgan Stanley is planning to eliminate about 100 trading jobs internationally in the next several weeks — with an unknown number of the cuts coming from New York.

At Goldman, execs are likely to let the hatchet fall if the slowdown in trading doesn’t reverse itself, bank officials have said.

In the first quarter, roughly 8.9 billion shares were traded on the Dow Jones industrial average, compared with 10.8 billion a year earlier, and 13.1 billion in 2010 and 24 billion in 2009.

“It’s hard to find the bottom when quarter-over-quarter vol umes keep decreasing, and uncertainty in the market continues to grow,” said Michael Karp, managing partner at recruiting firm, The Options Group.

Read more: http://www.nypost.com/p/news/business/cruel_summer_xkJ9nxWgRukmM0Nn2BFzxK