Thoughts? Comments? Where is this taking us?
7 replies (most recent on top)
Charles Schwab has already said that when they did layoffs it was in ANTICIPATION of the feds cutting the interest rate to 0. In other words, they don't want to keep doing layoffs, so they did a big layoff as a proactive move.
My group actually actively recruiting.
It’s taking us to another 75 bps rate cut next week to take us to about 0.25-0.50 bps interest rates. It’s 2008 all over again there. There’s going to be a major layoff. With 60% of revenue coming from net interest, we can’t sustain the current operations with a 1.25 total cut (including last weeks 50 bps cut).
Rate cut just happened yesterday. DC4 broke ground in January 2019. We are still paying for it. AppMod is expensive, but not as expensive as TDA acquisition, and more importantly integration. Layoffs are just around the corner.
Well, crashing stock market, falling interest rates, no trade commission... How is this company even making money?
Are employees hearing rumors of another round of layoffs?
I’m more concerned about this latest rate cut and if it’ll lead to more layoffs.