Recent News and Discussions About Wealth Management Layoffs
TIFIN Cuts 10% of Staff – Wealth Management
https://www.wealthmanagement.com/technology/tifin-cuts-10-staff
Jun 13, 2022 — The fintech startup incubator and holding company TIFIN laid off 21 U.S. employees and asked its top nine executives to take a 20% pay cut, …
Wall Street layoffs likely ahead as two-year hiring boom turns …
https://www.cnbc.com/2022/06/27/wall-street-layoffs-are-coming-as-deals-boom-turns-to-bust-insiders-say.html
Jun 27, 2022 — The recruiter said he expects investment banks will trim 5% to 8% of workers as soon as July, after second-quarter results are released.
Wealthsimple, valued at $4B last year, joins the fintech layoffs …
Wealthsimple, valued at $4B last year, joins the fintech layoffs list
Jun 15, 2022 — Canadian fintech giant Wealthsimple , which was valued at $4 billion as of last year, is laying off 159 people — or about 13% of its staff.
Morgan Stanley Layoffs – TheLayoff.com
https://www.thelayoff.com/morgan-stanley
Morgan Stanley Layoffs : Downsizing related discussion, postings, … Stanley are institutional securities, wealth management and investment management .
UBS Starts Round of Job Cuts Across Investment Bank, Wealth
https://www.bloomberg.com/news/articles/2021-05-18/ubs-starts-round-of-job-cuts-across-investment-bank-and-wealth
May 18, 2021 — Restarts wealth management cuts, sees hundreds of Swiss cuts · Bank has indicated $300 million restructuring charge for cuts.
Wall Street Plans Large Job Cuts As Remote Work And Tech …
https://www.forbes.com/sites/jackkelly/2021/11/11/wall-street-plans-large-job-cuts-as-remote-work-and-tech-takes-over/
Nov 11, 2021 — A survey, conducted by the Partnership for New York City, found that around 25% of financial services firms plan to “cut their workforce” …
UBS Starts Cutting Hundreds of Wealth Mgmt, Investment …
https://www.financialadvisoriq.com/c/3181404/397424/starts_cutting_hundreds_wealth_mgmt_investment_banking_jobs
The latest wave of layoffs is just the first, with more expected over the next three years as the firm implements its digital strategy, Bloomberg reports. May …
JPM cuts hundreds of jobs in asset and wealth management
https://citywireusa.com/registered-investment-advisor/news/jpm-cuts-hundreds-of-jobs-in-asset-and-wealth-management/a1215300
Mar 27, 2019 — JP Morgan is cutting hundreds of jobs across its asset and wealth management division, Citywire can reveal. The layoffs mainly affect support …
Banking job cuts begin as deals wane | eFinancialCareers
https://www.efinancialcareers.com/news/2022/03/job-cuts-banking-ukraine-war
Mar 28, 2022 — You basically have people watching the images on the TV and not wanting to put their money anywhere,” one 26 year-old asset management …
Citi stands firm on Uruguay layoffs as talks stall – Citywire
https://citywireamericas.com/news/citi-stands-firm-on-uruguay-layoffs-as-talks-stall/a2389623
Jun 10, 2022 — The dispute over the closure of Citi’s International Personal Banking (IPB) onshore wealth management business in Uruguay and the dismissal …
Frequently Asked Questions
Does Goldman Sachs do layoffs?
What are three alternatives layoffs?
- Reduce your workweek. Going from a five-day workweek to a four-day workweek reduces payroll by 20 percent, Zickerman noted. …
- Extend time off. …
- Challenge employees to save money. …
- Offer sabbaticals. …
- Swap employees or lend them to another company. …
- Look to your peers for help.
Is JP Morgan laying off employees?
Which employees should be laid off first?
This is one of the simplest methods. Basically, the last employees to get hired become the first people to be let go.