From DealBreaker today: http://dealbreaker.com/2012/07/layoffs-watch-12-d…
Is this a one time thing or just the beginning of a series of layoffs? Anyone industry veterans know how this is gonna impact SA recruiting/offer rate for next year?
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holy shit, I didnt know IBs even HAD 1,500 ppl
You're probably going to get the "Unfortunately the standard was exceptionally high this year" email if you apply to DB.
"...and while your expereinces and credentials were impressive, we regret to inform you that you have not been invited to progress to the interview stage. We will, however, keep your resume on file for any future opportunities that might match your profile.
Best of luck in all your future endeavours."
hahaha this is the most round about corporate way of saying, "fuck you"
I prefer "piss off"
is this backoffice or front? I heard its mostly ops and middle office
It looks like it's just the beginning. Wait till you see my post tomorrow. Meredith Whitney is calling for another 50,000 banking jobs cut, with the majority in IBD because the business just isn't there anymore. Dick Bové is actually calling for as many as 150,000 across the board, again with a heavy percentage of IBD.
As for getting jobs after being laid off:
Yup, I'm becoming a farmer.
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