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Banks prepare for deepest job cuts since the financial crisis
- Jemm 4y agoEmployees are not a profit buffer.
- imtringued 4y agoThey are, if the government pays unemployment benefits.
- agarren 4y agohttps://archive.is/tuP0o https://archive.is/tuP0o
- dieselgate 4y agoThe biggest thing that jumped out to me in this article is how UBS is "bucking the trend" by hiring more. Can anyone make heads/tails of what hiring means during layoffs - are they just doing really well as a business or making a different prediction than the rest?
- gravypod 4y agoIt could be that they're aiming to hire at a discount and do layoffs last once they've replaced their employees with cheaper staff.
- dieselgate 4y agoGreat point hadn’t considered that - right on cue for some other articles on HN today mentioning this as well