"Consumers remain very solid," Moynihan told investors in New York. "Their balances are strong, their credit availability is strong, and the spending activity in January actually picked up a little bit."Chief Financial Officer Mike Santomassimo told the Florida conference that "things are going to continue to get a little worse" when asked about the potential for a recession.
Despite some easing concern about an economic slowdown, the bank chiefs said they were managing headcount to constrain costs. Goldman"We are in a position to lower the headcount," Solomon said. "We've taken some action -- we have a much tighter hiring plan in 2023," which entails less hiring, he said.
Bank of America will also manage its staffing through attrition. It aims to have a workforce of about 213,000 to 214,000 in the next three to four months, Moynihan said, down from 216,823 at the end of 2022. Reporting by Saeed Azhar and Lananh Nguyen in New York and Niket Nishant and Mehnaz Yasmin in Bengaluru; Editing by Saumyadeb Chakrabarty and Nick Zieminski
But yet ' nobody wants to work' and ' be in the office everyday' is still a thing.
Nope 👎
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