Targeting Layoffs
Daily media reports detail personnel cuts at previously high flying fintechs like Chime, Varo, Upstart, Stripe, Blend, and Brex, among others. Most notably, Twitter has announced cuts in the 50% range and Amazon is…
Daily media reports detail personnel cuts at previously high flying fintechs like Chime, Varo, Upstart, Stripe, Blend, and Brex, among others. Most notably, Twitter has announced cuts in the 50% range and Amazon is…
I’m not sure why I found this new book (by New York Times reporters Walt Bogadanich and Michael Forsythe) both depressing and not very surprising. Certainly, while the evidence of McKinsey’s wrongdoing is not…
Of course, the best approach to cost cutting is to minimize expenditures upfront, meaning don’t make excessive hires in the first place. There may still be one bank I know that follows that philosophy. Instead…
A few weeks ago, Rashida Tlaib, the progressive congressperson from Michigan, zoomed into a hearing in the hopes of grilling the CEOs of some of the major banks. She began by asking Jaime Dimon if his bank…
It’s important that bankers understand how a significant portion of the world views them. Bankers and other corporate types spend a lot of time meeting with each other in conferences that often affirm their own…
The prose is often turgid, and the sex scenes can be unintentionally laugh out loud funny or cringeworthy, but Atlas Shrugged, a 1957 novel written by Ayn Rand remains relevant and raises many issues for us as…
A recent article on the Financial Brand website discusses the disturbing phenomenon termed “Quiet Quitting,” yet another movement that erodes the focus on work and worker productivity.
Of course not! Each of these companies, and many…
I’ll never forget our Board presentation to a bank that disappeared long ago. Our final recommendations detailed steps the bank should take both to reduce costs and stop the hemorrhaging of its loan portfolio…
Last week’s newsletter focused on why bankers are leaving banking as well as the challenges banks face in attracting and retaining young employees many of whom seem to require the care and attention of rare orchids…