Falling Q2 2022 ROE will forecast layoffs. Q2 Earnings Release Date is 7/20/2022

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)

https://www.northerntrust.com/united-states/pr/2022/northern-trust-to-webcast-second-quarter-2022-earnings-call

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It's self-evident that staff reductions are coming. Whether it be in the form of hiring freeze, not backfilling those who leave or retire from the company, whatever. I suppose layoffs could be on the table, but I'd be surprised by that other than very surgical reductions in some departments.

Glassdoor reports that Bangalore Analysts total salary is 329,735 based on 234 reports.
329,735 Rupees is ONLY $US 4146.

https://www.glassdoor.com/Salary/Northern-Trust-Bangalore-Salaries

During the past 13 years, NT's highest ROE was 14.38%, the lowest was 9.25% and the median was 10.81%.

Q1 2022 ROE was 14.2%, at the high end of the historical range.

Q2 2022 ROE will be lower due to falling asset prices, slower new business, and reduced offshore earnings due to $USD strength.

The strong $USD makes offshoring jobs more attractive now as ONE $USD = 79.53 Indian Rupees. This is a record low for INR-USD.

Thread regarding Northern Trust Corp. layoffs

Falling Q2 2022 ROE will forecast layoffs. Q2 Earnings Release Date is 7/20/2022

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