Laid off due to sub prime

[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.

 

[sho'nuff]

sorry to hear that. I wish you the best of luck in your job search. I too was unemployed for a period of 6 months recently. i just got myself a new job several weeks ago.

 

[EnglishGent]

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]

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]

yes. are u?

 

[Donald]

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

 

[Piobaire]

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]

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]

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.

 

[imageWIS]

Originally Posted by Dakota rube

I don't think we've seen the full extent of this yet.


+1

Jon.

 

[emptym]

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.

 

[constant struggle]

i've survived so far, but lots and lots of layoffs

 

[datasupa]

Dead man walking.

 

[Donald]

its all about greed

 

[Donald]

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