Two Sigma Recession
Typically financial firms would be hit hard during recession. But at the same time, Two Sigma is one of the top firms out there. If you join in the next few months as a software developer, what would be the job security? TC: 300 #twosigma #recession
I have it on good authority that they've been overleveraged holding SPY calls, so they'll suffer massive losses this year. Layoffs will hit in June from what I've heard. I might be lying though.
Great username, very JSC
Question since you are here. Jane Street is known to pay very handsomely and has the top prestige. But that weird programming language camel that's only used there, isn't that the dead end for your career? I mean, you might want to move to another company in the future, no?
Citadel absolutely ate shit in 2008. In theory hedge funds are supposed to make money in bull and bear markets, but in practice, not so much. IMO the safest place to be in a recession is a big company with massive cash reserves, that understands that a recession is a golden opportunity to innovate hard while the competition stagnates.
Citadel LLC ate shit, Citadel Securities did great probably
Safest place to be is a bankruptcy or workout lawyer, but biz has sucked for last decade on that one.
Can only speak for two sig securities (where I work now) and we’re having a pretty solid year so far. Hiring is strong too. Probably not supposed to say more than that
Lol we good
Hi can I dm you for London based role?
There’s always money to be made in the market whether up or down