After looking at the Barclays presentation a friend shared with me that there was a Refinitiv Q&A where Bill Rogers stated the reduction in force would not include client facing roles. How can he have said this at an investor conference?
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Plenty of client facing folks already cut. Wealth Advisors, commercial lenders, associates who serviced Wealth and Commercial clients. Wake up y’all. Nobody is safe.
Since the workforce has heard nothing about the Barclays’ presentation says it all. I worked at Merrill Ly--h before the “Great Fall” of 2008. It was a great firm especially in their wealth management thundering herd. O’Neill and the fix income mo--n lied to everyone since the ship. After being laid off when I was the most experienced and youngest assistant, I will never, ever believe anyone on a ELT again. O’Neill fed us all how great ML was and blah, blah.
He goes rides into the sunset with his $100+ retirement package and becomes member of the Alcoa BOD while thousands lose their jobs through layoffs.
I work in the RMO but can confirm some client-facing positions in CCB were cut recently.
Well, the wealth manager cuts were definitely client facing. And they cut some really good people.
“How can he have said this at an investor conference?
Well. When the whole foundation of your message at the conference is absolute fabrication, what is one more fib?
You mean it’s not true?