Any word on mass layoffs in the wealth management area?
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investment office has been terrible for years and all political for last couple of years....terrible
Several sources have told me they have already made lists across all of the AMG division - mass layoffs coming in Wealth, IAM, and the Investment Office. They started eliminating positions in the IO and IAM several months ago, again (their usual tactic to rearrange the deck chairs), but this time it seems like large numbers of actual layoffs (not the sneaky position elimination stuff).
Fiduciary head out last month for Wealth. Several regional and local managers too throughout the country.
How about OFW?
50+ layoffs Miami, San Antonio, Houston Laredo.