I find it pretty interesting that during this downturn nobody in finance has been talking about being laid off or furloughed. I take it as quite a positive sign compared to 08/09. Obviously, that as a finance induced recession vs. health crisis. Not sure how much WSO is a gauge of the overall employment market, but seems to be a positive sign.
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Furlough checking in.
Also surprised by not seeing too much about it. I guess it's still pretty early and a little different than 08/09. Also feel like people wouldn't bee too enthusiastic to post about it, unless they were asking for help on what to do next.
Agreed. Im furloughed too. Im sure theres people out there but seems so thin. I dont exprct layoffs really but mainly furloughs to keep costs down until market picls back up.
Someone who has been laid off checking in. Have already found a new/better gig, but it sucked at the time.
Were you laid off during Covid? If so, thats pretty impressive you got another job quickly. Congrats.
Forreal - damn impressive. I guess he/she knew who to call.
heard a rumor of William Blair laying off people this week
I gave notice at my HF for May bc I'm going to b school and I wanted to travel... we got wiped out by the crash and told me I could not stay on past april
Where I am it was announced that no one would be laid off or furloughed. I would think that's BS from any other bank but the numbers look solid. However, there have been some pretty interesting cost-cutting tactics. Among them, a lot of the older people simultaneously retired. Pretty clever if you ask me. Dealing with the current market has pretty much everyone worked, so if you are somebody's grandpa I hope you are not here sending emails at 2 am. And also it would be shitty to have the people vulnerable to Corona going to the office every day. So I'm sure this wasn't too hard of a sell.
Humans, they should actually be saying no firings in 2020 but at the same time, internally, they should be hyping up the fact that bonues will be zero, prompting people to leave like fireflies so then they won't even have to fire that many people and look so bad on January 1, 2021...
This is kind of what my firm is doing. People are leaving like fireflies in the sky...
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