- cross-posted to:
- brainworms@lemm.ee
- cross-posted to:
- brainworms@lemm.ee
Summary
- FDIC plans to cut workforce by 20%
- Initiatives include early retirement and resignation incentives
- Layoffs may occur if voluntary exits insufficient
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ah yes, this will really help with economic uncertainty forecasts and restoring predictability in how financial institutions behave.
It’s gonna be tough with 20% fewer people pinging back and forth between the banks and the regulator. Some of the banks demands might not get met.
