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Laid off due to sub prime

Donald

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has anyone been laid off recently because of sub prime? I was laid off yesterday from a decent foreign exchange sales position at RBC Capital markets.
 

EnglishGent

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Parts of my department have been laid off over the last couple of months, I expect the rest to go before the year is out.
 

EL72

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Originally Posted by Donald
has anyone been laid off recently because of sub prime? I was laid off yesterday from a decent foreign exchange sales position at RBC Capital markets.

Sorry to hear that. You in Toronto right?
 

Donald

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Thank You! Congratulations on your new job. Are u in finance?
 

Piobaire

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Originally Posted by Donald
has anyone been laid off recently because of sub prime? I was laid off yesterday from a decent foreign exchange sales position at RBC Capital markets.

Sorry to hear about your job loss. How does the US sub-prime debacle get a Canadian FX guy laid off? Is the demand for FX down that much due to this?
 

ThinkandDrive

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That is really a shame, Donald.

You know, it's really a kick in the pants that decent, responsible people should be so f'ed over because so many people were ignorant and irresponsible about their own affairs.

It's shocking how far-reaching this whole thing is.
 

Dakota rube

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Originally Posted by ThinkandDrive
It's shocking how far-reaching this whole thing is.
I don't think we've seen the full extent of this yet.

And Donald, I feel for you, man.
 

emptym

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My brother was laid off from a banking job a few weeks ago, but then was rehired by the same company at a better position--one he would have been up for 2 yrs from now if he'd remained in his old job.
 

Donald

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The Canadian banks have a lot of exposure to sub prime. When the economy contracts less fx transactions are made.
 

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