If the criterion is, as they say, the sudden and big drop in the volume of business, then I know for a fact that many other parts of the company are also facing a big drop. What could be the part of the company that is in most danger of layoffs happening soon?
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Whisper on the street... 5% across the board.
hopefully the market crashes so we have to tighten the belt and can rid ourselves of all the wasteful spending on Agile, DEI, etc. utter nonsense.
all the various digital fiefdoms that have formed across the bank the past few years.
without tangible results and new CFO's eyes, look out.
Probably those that involve stocks and bonds from what that article said
https://www.newsmax.com/amp/finance/streettalk/wall-street-layoffs-covid-19-stimulus-capital-markets-equity-declines/2022/06/27/id/1076263/
Investment bank's back office and client service is always in the bullseye. They are always looking for ways to make more money and reduce overhead, especially pushing for customers to be self-servicing and less dependent on their service team or middle office team.
Investment Bank is probably next based on the articles ive read, its industry wide. Stick with consumer, BB and Card...people always need checking accounts and credit cards