With a number of firms currently reviewing headcount, the fear factor is back and financial markets professionals are wondering just how safe they are in the event of downsizing at their firms.
Now, although anyone who has worked in the markets for a few years will tell you that no-one is 'unlayoffable', some jobs are more secure than others.
Here's our view of how jobs stack up on the security front in the current climate.
Highly secure (subject to adequate performance)
FX / Money Markets front office
Prime brokerage professionals
Commodities front office
Derivatives front office
Global custody professionals
Hedge fund managers
Private equity / venture capital front office staff
Could go either way
Equities front office
Investor relations / marketing / PR
Vulnerable to cuts
Fixed income front office
Secretarial / PA / support