Is anyone hearing chatter in banks/FIs about recessionary job cuts or hiring freezes yet?

likehelpful
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There’s multiple unofficial freezes out there. More will be coming.

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I think Banks are pretty lean these days as it’s been difficult to find people to work in some areas. Obviously residential lenders at Banks will feel some pain but at my level at a mid-sized Bank I’ve heard nothing regarding cuts or freezes. We have several positions open across all areas of the Bank.

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Depends on what side of the business you are in.

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Banks it depends on the group. Some groups are counter cyclical i.e. Risk Management. Usually contractors out first, then front office or sales, junior managers etc.

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Contractors will be the first want to be cut

No, first is IB juniors.

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