Nomura is said to be encouraging people in equities to consider their options elsewhere but it's okay because this is all part of a plan.
From Charlie Gasparino:
“...Nomura is telling executives, particularly in the equity business, to look for other jobs. Nomura is signaling to these executives that they are winding down their equities business. The job cuts focus on equity, so obviously that means trading, sales, banking and research. We know that Nomura Equity executives are flooding the market with resumes."
We're told that specifically, it's cash equity traders and sale-traders who are not long for this world. According to Nomura, this is one step in a multi-step evolutionary process the firm is embarking on, as it mutates from monkey to man.