RBS Is Going To Go Ahead And Take Those First Year Job Offers Back
From the front lines:
"Hearing from incoming summer analysts (now soon to be full-time hires) that their offers were rescinded and they were all given a 10k severance. This is the case for all incoming analysts in IB at RBS."
Likely related: Layoffs Watch ’15: RBS CEO Can’t Give An Exact Number For Investment Bank Job But Sure, The Term ‘Massacre’ Would Be Fairly Accurate