This layoffs was unrelated to performance, do not listen to both mgmt and fear mongers - It is based on cost reduction , hence 20%+ in NY
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You don’t lay off auditors. That would get regulator attention. You slowly bleed them away
Simple mathematics. 2% cut globally, mainly in Technology divisions. Then, 12% cut in Tech globally. Considering most high paid guys are in NY, 20% is a good estimation.
What about bloated areas like Audit where the good guys left on their own. The bad guys were fired. The worst ones are the current rulers
Where are you getting this 20%+ figure?? I think folks here are inflating this number significantly. Perhaps in certain divisions it’s quite high, but a Firmwide 20% cut is not happening, nor is 20% in NY.