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8 replies (most recent on top)
LFG!!!!
Either 3/3 or 3/17. I don't think their numbers they report on 3/23 will be good. Will CS use the Dorsey AI is making us effective excuse? Narrative's on wall street, such as "expensive" severance costs are fleeting. Now if you said Falling yields → NIM compression, Credit spreads widening → risk premium rising, Volatility rising → financial conditions tightening and Loan growth slowing weighs on financials such as WFC. But people understand, well they think they understand, AI is going to take my job away. CS will do his dance on the next earnings report.
Now go get your shine box
What's special about 3/3? It's not secret that every other week, they let go some people.
Again, stop teasing me with a good time.
No, but it will be big. If the last big round is any indication, HR has upped their capacity. Used to be that 600 to 1200 max. Not anymore, it was over 1600 on the last big one. I think HY is advancing their time table. They know the narrative of expensive severance bills is starting to be an issue with investor sentiment. They are going to ram a bunch through early this year before shifting gears to fake terms for cause to finish the job.
It will be the likes of which we have never seen before. Tens of thousands in one day!
It's going to be a bloodbath!