Thoughts? Comments? Where is this taking us?
4 replies (most recent on top)
I work in wealth management for MS and where I'm located (CA) we haven't yet started working remote yet. I'm a little worried about layoffs.
I'd say the effect will be minimal. With the RIF last December and extra cash parked away for a rainy storm, they’ll weather the storm. If anything there will be a slight reduction in consultants.
The Firm makes money from what they own and the financial advise they give. They’ll start to buy bargain price stocks now that will only go up, and pull in buckets of cash telling clients what to do; keeping in mind, they’re raking in tons of cash now telling clients what to keep and what to sell.
Q3 will be interesting.
In Tech, we are all working remotely. No end in sight.
guess we probably going to see more in Q2/Q3?