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BofA are just going to let attrition take its course and not replace roles.

like

Haha that also will continue, but not at that level... I think out of 210,000 employees, management are happy to lose 3000.

I think IBK and back office will see the turnover the most.

GS will be second week of January

likehelpful

CS just did more firing tkday

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BNY fired 10% of staff as annual culling in Nov.

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All good here so far, but like anywhere it depends what role you’re in…

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What’s your thought on overall CRE since it’s dependent on the lending business?

BofA has been firing people in FL.

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I've heard rumblings of layoffs at Citi, not sure if that will happen in the new year though

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Not in audit. There is somewhat of a hiring freeze though.

CITI has been firing employees in the last couple of weeks and months. I think JPM too.

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Heard they laid off a number of innovation folks in d10x

Depends on LOB. Lots of layoffs in mortgage dept earlier this year.

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Barclays had a very small layoff in nyc, right before Christmas. I say 20 people

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WF hasn’t hired non-customer facing staff in NYC for a few years without exceptions.

It must be very specific to your group.

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Not sure with the actual firing. But I think all the other banks you've mentioned are already examining job cuts since November.

We had our (not huge) round at Barclays ~month ago, havent heard of anything since

Yes… they started firing people - especially those with improper grammar .

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