Finance

How frequently do people actually get fired? In two years I've seen two associates and one VP get the boot from my BB coverage group. Typical?

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People have usually been a lot happier after being laid off. Most take vacations for 2-3 months, hunt for a job for a month or so, then back at it within 4-5 months of being laid off.

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Fired or laid off? Laid off I unfortunately see a lot. Fired on the spot due to serious negligence or something of that sort, I've only seen once.

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Heard 5 got the boot at BARC in FX, BARC fish got any details?

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We fire 30% every 2 years

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Unfortunately happens all the time here. The cost cutting is real.

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Ok so what generally happens to people that get canned? I know about my friends but generally what becomes of people? It's not like I see formerly laid off people starting here ever. If you haven't guessed I'm being paranoid.

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If you work at DB...You should be able to see a ton of layoffs.

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Yeah I really meant laid off/RIF'ed. I'm sure people almost never get fired for cause

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In my 3 years I've seen one associate and five or six VP/Directors get let go in my group (BB). Some have gone back into banking while others have gone to work for clients or a corporate role

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