Whitney: 80,000 US Bank Layoffs, Crappy Year End Bonuses
This just in from Bloomberg:
This just in from Bloomberg:
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It's pathetic that I wake up to Bloomberg radio in the morning and have already heard this
80,000 seems a bit high no?
she said this over a week ago
so if this is true, what is everyones secondary profession going to be? :D
Government or management of education/pharmaceutical. The only three professions that have seen steady employment growth over the last 15 years in America are education, healthcare, and government.
This woman is so annoying.
corporate finance for energggggggy
or international development. something in latin america, gtfo out of the u ess ayy
Truth be told, if all hell broke loose and the market tanked so bad that lots IBs and PEs were closing up shop permanently I will be on the same flight south.
Regards
scary
Can someone please post a video of a man saying this? I prefer to have dependable sources.
what is this womans email she is so magical and brilliant!
yeah im planning on doing dual MBA with UT in energy finance and at a school in brazil so i have the latin american commodities sphere in check.. if all goes well of course :P
So I take it Tulane didnt make the cut?
Trophy husband for Meredith lol
lol it depends if they go an kick out the masters in energy trading but now i need to feel around a bit more because of my equity trading experience some places dont like people trading multiple products.. so going into energy might be harder
why is bloomberg radio just reporting it now....their online division reported it 3 weeks ago:
http://www.wallstreetoasis.com/forums/wall-street-to-cut-80000-jobs-wor…
why don't you bitches respond to MY post 15 times when I posted it? I love braverman and all his posts but damn, yall need to come over and stroke my ego!
This is retarded. When you count in bank tellers and overstaffing in non-FO or investment bank roles, yea, these companies are surely going to cut some fat.
But lets be honest here, if they cut 80,000 workers, thats probably more than all of the FO jobs in the US right now. RETARDED.
80k must be including tellers, cleaning ladies, janitors, mistresses, secret baby mommas and doormen. And even if the gvt chokes that many jobs out of Wall St, a large chunk of Main St will be going down with them: restaurants, boutiques, charities, au pairs, cleaning ladies etc When a banker eats, everyone eats.
I suggest looking at Buis strategy or risk mgt Consulting if you don't want to stick it out: Accenture, MMC, IBM, etc are all expanding in latin america, Ghana, etc. I have heard of a few bankers jumping ship and getting some pretty solid offers bc of the client relationship and financial modeling/valuation skills. I don't know about the comp package though
She's still working?
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