Finance companies in recession

New zij
Oct 25, 2018 9 Comments

Lots of FAANG talk, let's give the finance companies some attention. In the next recession, how will finance companies fare (will you get laid off). Assume that the company is not the root cause of the recession like AIG... Lol that's why I tagged it.

How's the big banks and hedge funds going to fare?

What about big insurance companies?

Or the more modern companies in fintech?

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TOP 9 Comments
  • Goldman Sachs / IT OWWG73
    Recessions are scary, hr comes to your floor and chats with everyone. If you're not fired, they just make you sit there for 5 minutes so it doesn't scare others. Entire tech teams disappears silently one person at a time.
    Oct 25, 2018 1
    • Visa 美国人
      This actually sounds mad depressing
      Oct 25, 2018
  • Chase / Design ✴️
    Can't say first hand, but what I hear from some veterans is that a surprising number of people stuck around despite the recession in 2008. The idea is, if you kill technology in a bear market, you're going to be behind in a bull.
    Oct 25, 2018 1
    • New zij
      OP
      I'll play devil's advocate. Tech is a cost center for these companies, why won't they cut it?
      Oct 25, 2018
  • This comment was deleted by original commenter.

    • New zij
      OP
      Isn't hedge funds and investment banks health directly correlated to the growth of their portfolio. Portfolio loss and people pulling out means less revenue leading to layoffs?
      Oct 25, 2018
  • New zij
    OP
    Anyone works with large insurance corp? Have a pending offer from one such company and was wondering if they would layoff during recession
    Oct 25, 2018 0
  • Visa 美国人
    we will never die
    Oct 25, 2018 0
  • Deloitte diracdelta
    The next recession will be due to completely different reasons from the last. Unlikely to be predicted, but yield curve inversions are a good sign.
    Oct 25, 2018 0
  • Facebook / Eng kerby
    Fintech may have issues, but I think lenders will fair a lot better, they have gotten better at accurately accounting for their risk and exposure.
    Oct 25, 2018 0

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