Well, maybe not, but I think we’ve taken a decent stab at being ahead of the curve. Here’s a brief recap of a few posts from many moons ago that…
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Survive Layoffs – How to Survive Layoffs
Employment in the financial services industry is highly cyclical, creative a constant imperative for employees to be prepared to survive layoffs. During bull markets, when the prices of financial assets are rising, financial services firms expand and hire aggressively. With the slightest hint of an oncoming bear market, when the prices of financial assets appear to be starting a general, prolonged decline, financial services firms ruthlessly slash headcount and payrolls. It is not unusual to see employment in a given firm fluctuate by as much as 50% between market peaks and troughs.
Take With a Grain of Salt
Shortly after Bank of America bought Merrill Lynch recently, I spotted an AP story on the deal. The authors made cogent observations about the possibility that the deal might not…
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