Why don't we ever hear of layoffs from lesser-known banks or funds? Or does Goldman/MS/JPM just suck?IB
correct me if im wrong but it appears that all we ever hear about every single year is the same layoff crap from the investment banking and trading divisions of goldman, JPM, Morgan Stanley, Citi, RBC Capital, , , , and a couple more well known banks.
Do they ever lay off employees or are they just really really good at trading and managing how they spend their money?
i mean, according to elite college recruitment, the best talent should be taken up by Goldman among all others so why can't they ever get their shit right and are always laying people off?
call me dumb but i really dont get it.