BAML/JPM layoffs
Anyone heard something about these firms? Specially their Capital Markets practice? It can be assumed they'll follow Barc and Citi? I'm so nervous
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I was under the impression BofA is doing better compared to its competitors--for some reason they don't seem to have been hit as hard
https://www.bloomberg.com/news/articles/2022-10-17/bank-of-america-is-a…
I heard that the most intern class is the largest in recent years--not sure if anyone can confirm
either they're taking a contrarian view on markets and trying to grab market share as their competitors panic, or they're in for huge layoffs
Not sure if this has anything to do with layoffs, but based on the last earnings call moynihan had a relatively optimistic outlook on the economy while Dimon said something to the effect of "there's a hurricane coming"
Following the earlier response, it seems though BAML is taking less interns this year for a product group I’m aware of (UK), but then who knows; in the past they’ve been known to make massive cuts at once :(
BofA IB leadership has repeatedly told the team that layoffs are off the table this year.
As has been previously stated in other forums, why would they suggest otherwise??
You didn't hear dick fuld warning everyone that the firm was going to go under--not even until after it happened
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