• Jan 10, 2023
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  "[The WallStreet banks] all hire too many people when the going is good because they have to throw bodies at all the demand for M&A, lending, credit, trading, and then that doesn't last forever, and in a normal year they're culling underperformers, and in a complete wipeout year ..." Josh Brown on banks doing a lot of high volume firing
  

   

  It is highly pro-cyclical in the way it hires and fires.
  
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  "[The WallStreet banks] all hire too many people when the going is good because they have to throw bodies at all the demand for M&A, lending, credit, trading, and then that doesn't last forever, and in a normal year they're culling underperformers, and in a complete wipeout year ..." Josh Brown on banks doing a lot of high volume firing<br><div> </div><div>It is highly pro-cyclical in the way it hires and fires. <br></div>

  "[The WallStreet banks] all hire too many people when the going is good because they have to throw bodies at all the demand for M&A, lending, credit, trading, and then that doesn't last forever, and in a normal year they're culling underperformers, and in a complete wipeout year ..." Josh Brown on banks doing a lot of high volume firing
  

   

  It is highly pro-cyclical in the way it hires and fires.
  

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