BMO Job Cuts

Well this industry doesn't need the amount of people like it used to. Combination of regulations and technology definitely changed Wall Street. Banks are heavily heavily invested in technology. Pretty much if you're in MO, BO or Tech... you're going to be working together to streamline your work to someday, eventually be left without a job. If not, fin tech firms will sell their product to streamline work, just like how broadridge came in and swept the streets. The firms I've worked, I've seen lay-off left and right. BlackRock, BMO, etc... just recently Morgan Stanley is letting go mostly tech and ops. HSBC laid off shit ton of people. The firm I'm at didn't perform very well and we just laid off a few. The excitement of this industry isn't the same. Hence why it's very difficult to even consider buying a house. The thing that sucks is as you're aware, banks have dispersed their MO and BO to places like Jacksonville, Charlotte, Salt Lake City, Dallas, etc... imagine moving to Charlotte to get a job with Wells Fargo and buying a house and getting laid off in two years. This is why I hate this industry. No sense of security. Hence why I’m looking to venture out of my own, well, eventually. No point of bein too loyal to these firms. At the end of the day, you’re just a number. Unless you’re a hot shot bringing a shit ton of deals or money which is highly unlikely or maybe some important being like a developer or tech which you need to support the desk, it’s pretty pointless.