I’d love to start a thread regarding layoffs/big cuts/hiring freezes with the industry. I’m starting with a bank soon and have seen cuts at Truist and a hiring freeze at Wells Fargo. Are there any others out there making changes with the current state of economy?

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In order to curb inflation companies are required to lay people off. Yep, crazy to hear but the guise is the inflation will flatten out if less people are employed to continue to spend. All companies are doing layoffs. You aren't seeing many of the big FSI taking any hits to stocks which means companies are still profitable and reduction of employment is to quell inflation.

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No one at the Fed understands basic economics anymore.

F

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BofA has been in a hiring freeze essentially since 3Q/4Q22, with rumblings it will continue thru the 2024 election. Fairly blatant forced attrition as well, with increased RTO pressure and stagnant/reduced compensation for existing associates.

I know about citi doing major layoff reorg is ongoing and to be completed by Q1’24

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Hi guys,
Need 11 likes to access dm's

Thank you

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That moment when youre searching for a new job on your work laptop, you work forgetting about the open tabs, have issues with your laptop so service desk remotes in and sees the tabs with the search😨

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What’s the deal with work phones at KPMG? Coming from Deloitte where work phones are given.

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Microsoft vs Apple vs Amazon, please suggest

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Xerox's bid for HP is effectively dead, at least for now.

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I always get told to network and make those connections. But if you're naturally a more quiet person how do you do this? Message managers or directors on LinkedIn? shoot them a email?

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