"Having a downsize in employment in a sector that pays very well is not welcome news," Mr. DiNapoli said, citing what he called the "multiplier effect," whereby each lost Wall Street job results in two additional lost jobs in other sectors in the city.
Several weeks ago, Deutsche Post said it would maintain a "significant presence" in the United States, leading analysts to suspect a downsizing was in the works.
Five months later, Ellison's Oracle quietly acknowledged a major downsizing in an official federal regulatory filing.
In Rhode Island, Governor-elect Bruce G. Sundlun, a Democrat, predicted "a major downsizing in government". After he takes office in January, he said, he will have to make spending cuts of about 20percentt of the state budget to balance the books by June 30, the end of the fiscal year.
Cheryl Champagne was 60, with 25 years as a finance manager, when she took an early retirement buyout package from a downsizing Hartford Life Insurance Co. in September 2009.
But when he lost his job in a downsizing at Metropolitan Life Insurance Company in 1993, Dr. Arnold, a resident of Scarsdale, spent just a moment taking that idea seriously -- and at 59 resumed his medical training, taking a residency in psychiatry with people half his age.
Just the announcement of a mass downsizing in the mid-1990's would raise a company's stock price.
Over the last 20 years, there has been a massive downsizing in the industry.
"American has already done a substantial downsizing in terms of grounding aircraft and cutting back schedules," said Dan Kasper, managing director at LECG, an economic and financial consulting firm that specializes in aviation.
