Just an FYI it wasn’t the 27th yesterday was it? 50 were cut from Bay Area yesterday. CIB is corporate investment banking.
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To the “rounding error” people, there are only 7,600 people in the entire CIB (people under Weiss).
Those are all high paying jobs. Even as assistant/associate they make decent money. Having said that, it must have been tough to produce due to the brand being tarnished over the years. They did large multi-million dollar deals (100's of millions from large corporate clients), imagine having a client tell you, "we are going with JP Morgan and Goldman Sachs because your tech and support are just not competitive and you are on your 4th CEO."
Depending on the role and how senior they were, that number could be pretty significant.
It's something to the 50, ahole.
Thanks for telling us
50? That's nothing. That's not even a rounding error.
“ Does anyone know what role or group within CIB this effected?”
I’m gonna guess the role of CIB Banker.
Yes
Does anyone know what role or group within CIB this effected?