Fewer bodies, more often.
"UBS now performs rolling layoffs instead of going in rounds. Each mini-round is therefore less newsworthy. Normally this kind of thing destroys morale but there's no morale left to destroy at this point. How frequent are they? Equities had 4 rounds in 3 weeks in April(ish). Previously you would see every group get hit at once, no more than a couple times a year."