Should we expect big layoffs in 2021 especially in trading and other business lines? (Banks like Citi/MS who pledged no layoffs in 2020)

like
Posting as :
works at
You are currently posting as works at

I feel like double layoffs in 2021. However, I’ve seen a lot of people leave my firm during the pandemic which is weird.

Expect layoffs in 2021

HL, Blair, RBC, Nomura, Baird already cut 10-20%

Probably depends on the area. On trading side, if / when we see revenues start to normalize or shrink, expect larger layoffs next year. On the operations side, they’ve paused productivity layoffs, but are merely adding on top of the target goals for next year.

Related Posts

So I've had 2 hiring managers and several recruiters from Amazon reach out to me about applying for some open positions with the company (android). I completed the coding assessment and now they want me to go through a round of 5 hour interviews next week. Is there a good chance I'll be hired if engineering managers are reaching out to me? I'm really not sure how badly I want to work for them and I don't want to be laid off months after being hired on. Anyone know what Amazon hiring is like?

like

Curious is anybody seeing layoffs in consulting? How busy are your cyber practices?

like

Shall I disclose reason for leaving a firm during my initial call with a recruiter from said firm, if I was laid off? Are they privy to that information. Ironically being recruited by that same firm

like

Anyone hiring a UX Designer in Atlanta? I know someone who got laid off

like
like

My work product is becoming worse and partners are noticing/commenting. I just hate the practice area so much that every time I am asked to do something I just get it done as quickly as possible and can’t be bothered to put in effort. I think I need to quit so I’m not fired for bad performance with a horrible reputation. Am I nuts and should I just wait til they let me go?

likehelpful

Hi, I’m currently looking for a job as I was laid off during COVID. If anyone is hiring, please let me know!

like

How realistic is it to get a remote paralegal position with less than a year experience? I was just laid off from a small firm and loved the remote work environment…

Which agencies in San Francisco are weathering the storm the best? I haven’t seen much about layoffs or furloughs. It seems like the bigger agencies in NY have been hit harder.

like

Anyone else tired of having to work so hard to get where you are, only to realize you will be the first one laid off because you aren’t in the “sorority.” Watching it happen is filling me with anxiety

like

Should people be fired for lack of people skills?

like

It’s Wednesday! How we feeling? Any tea? Heard stealth layoff are happening but not 100% sure if it actually happening.

like

Curious questions! What are the things offered by companies after laying off their employees? Do they pay 3 months severance? Or not?

like

Are PMs getting laid off now?

Anyone got or knows someone who got laid off during a leave of absence?

like

Do you have to return the sign on bonus if you get laid off, sign on period (2 years) has not yet passed. I would also like to know the firm's severance policy.

like

I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

like

Anyone expecting layoffs due to COVID-19? There’s an indefinite hiring freeze and most promotions and have been paused. 👀

like

I have been interviewing for a new job but I keep hearing about layoffs and a recession coming. Is now a bad time to switch jobs?

like

Hi Fishes

Please advice
I am currently working in TCS (11LPA 10 years Exp)

I have 2 offers in hand. TechM with 19LPA & DXC with 25 LPA (23L + 2L Variable)

DXC hired me for Indian client .My job profile on system admin. Work will be on Legacy Technology. Do I get chance to upgrade to cloud and shift to different Client

Most of the review on DXC is negative. How will be job security and work life balance. In most review I see "termination & layoffs." How is current situation in 2022
Thanks!

like

More Posts

Hi Guys,

Off Topic Question

I don't have any work to do in my current company. Poore din sota hu no calls. Get work once a week or two weeks.
Worried about my career, no motivation at all not learning anything new here.
Is it a good idea to switch company?
Or should I change my technology?

Current company mein 10 months hue hai and previous company 6 months baad hi chhod di thi because of the same reason mentioned above.

Technology - Tableau
Total YoE - 3.5 Years

likehelpful

Hello Facebook (Meta) fishes

Can anyone please refer me?

Facebook (Meta)

like
like

Is there any vacancy as a Frontend React UI developer?
4 YOE @capgemini

like

I'm currently in a BDR role but have been studying for my PSM and getting ready to take that test soon. Does anyone have any advice for how to pivot from sales to being a Scrum Master? It seems everyone wants a SM to have 3 to 5 plus experience to even look at your resume.

like

Anyone know much about the start up scene in E Africa? I hear a lot of general talk about how it’s ‘booming’ but can’t find much information online. I’m in a weird position where I’m trying to switch into tech but am moving to Kampala for the next year. I am applying now to remote jobs in the U.S. but would love to connect with companies operating in the region.

like

What would be my in-hand salary per month after employee pf and tax Deduction?

Post Photo

@pwc ok. Thanks, chief!

like

Hello Fishes,

May I know what all the topics will be covered in the first round of interviewfor the role of "Data Analyst" in Comcast Company...

Thank you 😊

like

Hi All,

I heard that wellsfargo , Hyderabad is Hiring now for many candidates for A specific project . Any one from Wellsfargo, please provide me reference to me to join the company for KYC process.

Any PA firms offer part time jobs? I want to go back to grad school next year but I need a part time job. I’m currently at PwC (I’m aware of PwC’s FWA but I’m not interested in that).

like

Hi All,

Join birlasoft one month back, but didn't get any project yet. Till now gave two client round perform well in both but afterwards didn't get any kind of response from RMG. RMG people are also not too interactive, they hardly respond to the pings.

Feeling a bit uncomfortable now as in my 8years career it is happening the first time that I am idle for a whole month, also there is no one to interact with. This whole atmosphere is now making me loose my confidence.

JPMorgan Chase is sending me mails regarding payroll status update. I just got offer some days back. I have many days left to serve notice. Should I update these details even before joining?
Will anything happen if I don't do it now ?JPMorgan Chase

like

Facebook shutting down Oculus Story Studio... VR dead?

like

Looking for an AS role. Currently in Chicago but open to relocation. Looking to get back into agency world

Which agencies in NYC still give bonuses?

like

KPMG EA’s - how many of you are going into the office? Average number of days per week?

like

Does anyone know of companies in financial services that are only 2 or 3 days in office? I’m doing 4 days in office and one day remote and feel like 4 days is too much.

like

What does everyone think of the new Cartier Santos?

Anyone uses Uniqlo Blocktech products? Are they any good? I'm looking for the men hooded coat. Price is so cheap compared to the well known outdoor brands.

like

Additional Posts in Finance

The discrepancy between the time I spend making a pitch book and the time the client spends actually reviewing them is something I'd rather not think about

like

You know what? I'm 31 and I don't think I should have to courtesy flush anymore.

like

People interested in B-school: what are your top schools and why?

like
like

Lady Fish, I'm looking for a light weight, professional jacket to wear this fall. I haven't found anything that's caught my eye. Do you have any recommendations?

like

Charter holders, any advice on level II studying? Just started going over the jumpstart material and feel like it’s pretty intense. Any pro tips from those who have conquered it?

like

FRM is has narrow focus, demands depth, quick to complete

like

Have ou ever interacted with anyone in the C-suite at your firm?? What was it like?

like

Trap, trap money Jamie
JP got me in my feelings
Gotta close deals wit it

like

Working in Risk Management, looking into the FRM exams. Does anyone have any insight or advice?

like
like

I realized a slow pace at work is really bad for me. A couple years ago I was experiencing burn out from my fast paced job supporting transactions, and believed by moving to a slower job in a lower cost area, I would be sailing off to the sunset. Wrong, I spend weeks following up with other teams, often times they forgot what we discussed, so I spent 50% if the time reminding them of the topics and next steps. I spend most of my time writing memos no one will read.

likehelpful

Hi guys, I am working as an Investment Analyst for a boutique asset management firm in Toronto, Canada (4bn AUM) making 70k annually. I am 5 months into this role. Credentials: 6 months of prior experience in this industry at a small startup + 2 years of work exp in retail banking, CFA L2 candidate, part time masters of finance student, bachelors from outside of Canada. I want to find out if I’m being paid fairly or I should aim higher. I don’t know my bonus yet (discussion in Dec)

like

Is it just me, or is Soros getting uglier every year? It's like the dark side is twisting him up.

like

What are 3 things clients don't know about our services that would scare the shit out of them if they did?

like

How long did it take you guys to get used to your first role at a BB? How long did it take you to get little to no supervision on your work?

like

Has anyone else turned down a tech job for banking? It was a hard decision but ultimately, I decided that the experience and training I'll get here is second to none. Hope I don't regret this decision

like

Morgan Stanley friends - how are your bonuses looking today?

like

Curious. What's everyone's all in tax rate at year end (first and second years). Thanks. Looking for a percentage.

Is upward feedback ever appreciated?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal