Layoff Watch '19: BMO Capital Markets Giving Itself A Little Spring Trim

We hear that HQ is calling for a 5% cut across all groups.

Author:: Thornton McEnery
Updated:: Jul 2, 2019
Original:: May 16, 2019

We hear that HQ is calling for a 5% cut across all groups.

According to a tipster:

"Fairly substantial cuts at BMO Capital Markets. Rumored to be 5% of headcount. Across all product groups and industry verticals."

This might not be a very good day to be a Quebecois investment banker...

Deutsche Ragnarok

How does Christian Sewing have 20K people left to lose?

Goldman Sachs Dress Code

Mmm, the smell of pink slips wafting in from Battery Park City on the warming air.

Deutsche Bank now openly contemplating what an investment bank looks like without investment bankers.

SewingThanos

Die Götterdämmerung of 60 Wall Street has begun.

HappyBalls

Unless you work in compliance, the days of champagne, caviar, and blow are back!

FidelitySign

Margins require sacrifice, even if you are raking it in hand over fist.

I can lose this much money with far fewer of you.

Bright side: Those not good enough even for the French bank could also try for a certain German one.

Getty Images

Sounds like a few dozen people are coming around to the idea that UBS sucks.