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Seems odd the cuts included tech jobs, given the increased pervasiveness of tech in finance.
by jorblumesea 7y ago
Seems odd the cuts included tech jobs, given the increased pervasiveness of tech in finance.
- flatiron 7y agoJust means they hire contractors for those jobs now. No way 1,500 did a cumulative sum of 0 work.
- chank 7y agoIt's likely a mix. Some jobs will get put onto other people, Some jobs will just go away and never come back. When they feel pain they'll fill the role with a contractor or cheaper person.
- abcpassword 7y agoYou would be surprised.
- jjeaff 7y agoCould just be that the cumulative value of the work being done by those 1500 employees was less than the cumulative cost of employing them.
- riku_iki 7y agoJust having tech infra/org/ops doesn't mean it is efficient and adds value.
- djmips 7y agoCould some of those jobs be lost to automation?