will JPM lay off? any signs????
saw some article of pinto saying there will be no layoffs at JPM......
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curious as well, saw that bofa and jpm had both recently cautioned against layoffs
Jamie here. No layoffs planned.
Thanks for the confirmation Jamie.
Regards,
Buffet
Hi Jamie
Real Buffet here. As a major shareholder of JPMC and in light of the extraordinary difficulties ahead, we fully expect JPMC to realize at least 5% in cost savings (in line with GS) to protect shareholder values. Otherwise our exposure to JPMC will be untenable in the near term.
Warren
Pinto two weeks ago “adjust over time to whatever we believe is a medium-term structure (headcount) needed..”
There's been lots of chatter about potential layoffs, seems like no one has a clue yet though (unlike MS where it seems a list has already been created)...
Care to elaborate on MS?!
see the MS layoff thread (source: I work there), most info there track my understanding.
they will all do layoffs lol and in similar proportion
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