Thread regarding Wells Fargo & Co. layoffs

The time is ripe for Wall Street layoffs as recession looms and deals bo-m turns to bust

Broad-based job cuts loom at major banks for the first time since 2019, thanks to a confluence of factors that have cast a pall over markets and caused most deal categories to plunge this year, industry sources said.

https://www.cnbc.com/2022/06/27/wall-street-layoffs-are-coming-as-deals-bo-m-turns-to-bust-insiders-say.html

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| 1491 views | | 2 replies (last June 27, 2022) | Reply
Post ID: @OP+1hrgluTm

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Now that they consider the pandemic over (since they are pushing RTO), all bets were off at that point. No surprise here.

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Post ID: @zew+1hrgluTm

Yes. Economic cycles influence banking business and this cycle is a cyclone.

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Post ID: @vjd+1hrgluTm

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