."Do you have a minute?"
In a recent discussion Business Insider had with both hedge
fund and banking insiders, everyone
agreed that these are the most terrifying words on Wall Street nowadays. That's because hearing it usually results in
you being summoned into a conference room, while someone places a box on your
desk. In other words, you're about to be
laid off.
This line can come in the form of an email subject line, a
tap on the shoulder from someone or a phone call from the conference room. The next most ominous phrase, "Can I talk to you for a
sec?"
Wall Streeters are definitely on edge about layoffs these
days. Just last month, Deutsche Bank
said it will be axing 1900 of its workforce, with 1,500 coming from its
investment banking division. Goldman
Sachs just cut 20 to 30 jobs in sales and trading, according to the Wall Street
Journal.
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