“100+ got clipped this week in the Real Estate finance group.”
Layoffs
The bonus is you get to keep your job: Continue reading »
Remember when UBS management announced they’d internally come to the conclusion they aren’t so great at investment banking and would thus be scaling back their manpower in said area? Apparently they’ve finally gotten around to doing so. Continue reading »
BofA may not yet be done implementing all the ideas Team Project New BAC came up with after “fanning out around the company to ask employees low-and high-level for ideas on [how to] reduce expenses.” Continue reading »
Cuts are said to be going down at the House o’ Dimon. Continue reading »
Apparently a bunch of employees have been notified their services to the firm are no longer necessary. Continue reading »
Cuts are said to have gone down over the past two days. Continue reading »
The aforementioned cuts continue, today reaching the newest residents of the House of Moynihan: Continue reading »
Cuts started yesterday and apparently the fun is not over yet. Continue reading »
Remember, back in late December, when RBS sent out a holiday card to employees telling them to buck up, because, contrary to what everyone had heard, management would not be taking a “knee-jerk approach” to laying off employees, but rather thoughtfully “re-examining business strategy and resource deployment” and hey, maybe they wouldn’t end up firing that many people at all? Well, they thought about it, and here’s what they came up with: Continue reading »
