Community
Good for the FSA for warning the investment banks on staff cuts in middle and back office functions .
Clearly from the banks side, it is the usual story. Back and middle office staff are expendable. They are simply an added cost “burden” that has to be cut as soon as margins are squeezed.
Imagine ripping out half your car’s engine simply because the petrol price has gone up?
What should be squeezed are exorbitant bonuses and other totally undeserved perks that the "star" front office performers enjoy.
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Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
25 November
Vitaliy Shtyrkin Chief Product Officer at B2BINPAY
22 November
Kunal Jhunjhunwala Founder at airpay payment services
Shiv Nanda Content Strategist at https://www.financialexpress.com/
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