The recent layoffs at Wall Street financial institutions are closely watched by the market. Wall Street investment banks have joined a growing wave of layoffs as uncertainty about the U.S. economic outlook has spread to the financial sector. Goldman Sachs is reportedly planning to cut thousands of jobs, while BlackRock, Morgan Stanley and Credit Suisse have all reportedly been on the verge of layoffs. In this episode of BizBeat, CGTN's Michelle Van den Bergh explains.