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December layoffs anywhere?
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Do you buy the fundamentals for a MBS sell-off?
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Yes. Performance-based layoffs that would have happened anyway. Bad timing but that’s the reality in this industry.
No but hiring and spending freezes have been announced.
None right now... I'm not so sure about the near future
No
No, but my guess is under performers and the least-liked will be let go under a crisis facade.
We've had some, supposedly not related to the general situation but I'm skeptical...I heard MS and Citi said no layoffs in 2020 but I don't see how that's possible. If there are fewer deals and our clients are going under, something will have to give.
We are making a list now....and checking it twice.
What is your selection criteria, big picture?