Its actually not that bad, it was expected anyways, there was news in Sep that they are going to merge AM and PB.Sergei82 wrote:It has begun in Credit Suisse:
http://blogs.wsj.com/deals/2012/11/20/c ... ring-move/
http://dealbook.nytimes.com/2012/11/20/ ... ment-unit/
4 or 5 highest ranking CEOs were made redundant in CS yesterday, including APAC and EMEA. Getting tons of corporate e-mails about reappointments. Will update recruiters with my resume ASAP just in case if something happens - let it be there for a while.
As somebody said: every janitor is AVP here (maintenance engineer!?)Callput wrote:Yeah! Please dont compare titles in banking with other industries. In Banking we are in a league of our ownzzm9980 wrote:That's a lot of CEOs.Sergei82 wrote: 4 or 5 highest ranking CEOs were made redundant in CS yesterday
Close. The proper term, as used in NYC, is Sanitation Engineer.Sergei82 wrote:[
As somebody said: every janitor is AVP here (maintenance engineer!?)
v4jr4 wrote:Maybe we can expand to outsourcing, insourcing, or co-sourcing (but so far, I don't see SG use these methods).Brah wrote:Well Sergei, this opens up another area of discussion - contracting vs. being an employee.
O and G engineers are essentially energy engineers... you're starting to see a phase transition from oil to gas/geotherm/unconventional gas/other forms already with these engineers.Sergei82 wrote:Oil and gas is an interesting alternative, but don't you think that its fate is imminent collapse by the very nature of theat industry itself? And it may happen rather sooner than later. Maybe, in the nearest half century. Unless people find some alternative source of energy or use more nuclear power (not oil and gas anymore).
While finance is immortal. It is just sometimes weeker, sometimes stronger.
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