Wells layoffs
Heard WF had massive layoffs starting today, any idea if corporate or investment banking was impacted?
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They’ve been going on for a while. I’ve heard they should end in November
WF IB here - not seeing any impact
What are the top groups in the NYC wfs office? Little brother has to rank them for a superday.
M&A, LevFin, Industrials
Layoffs in M&A?
No lol, that was supposed to be under the comment above idk what happened
bump
I’d imagine it will be in both corporate and ib if market sentiment doesn’t pick up soon. Ceo has already come out saying he’s looking to slash $10 billion in annual expenses. That’s a lot of headcount within the entire firm
This is incorrect - cuts coming from non-CIB groups.
What market sentiment are you addressing here? Thawing M&A and secondary markets? All-time highs in stock market?
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