If the Q2/Q3 2022 ROE falls below 14%, layoffs are forecast by late 2022 or early 2023.
NTRS layoffs in the USA typically increase as the ROE trends downwards. For example, ROE fell below target before the major layoffs called "project excellence" and "value for spend".
Falling ROE = falling USA jobs and rising non-US jobs. Why more US layoffs?
Reducing high-cost US staff is the fastest way to cut costs, impress Wall Street, and protect the stock price and wealth of NT executives.
Q2 2022 Earnings Call – Wednesday, July 20th at 9:00 a.m. (CT)