BMO Capital Markets Layoffs
Heard about a wave of layoffs at BMO Capital Markets in NYC this week.
Layoffs were across all levels and groups in Investment Banking.
Does anyone have more insight?
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There is no WARN notice on the NYS Department of Labor. WARN notices are required to be filed with the state 60 days in advance for companies with >100 employees and where the layoff will affect 50 or more employees.
By reasoning through this, there were no more than 50 people laid off.
Heard it was in the 40s
Bump
Layoffs in Toronto as well.
Still ongoing?
Which groups?
Bump
Heard from sources that it was across the main hubs of NY, Chicago, Toronto.
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