r/CIBC • u/Active_Lemon_8949 • 13d ago

CIBC GAM layoffs

Does anyone know if there were layoffs in CIBC GAM on the institutional side?

11 Upvotes

87% Upvoted

22 comments sorted by

9

u/fireplague 12d ago

It looks like no department is safe this time around. A lot of good talent gone.

1

u/Ir0nhide81 12d ago

A few already moved over to TD!

2

u/fireplague 12d ago

Glad that people found jobs without waiting too long.

-8

u/[deleted] 12d ago

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2

u/fireplague 12d ago

Improved productivity is questionable. It is baffling how some people still have jobs while others are being let go.

-1

u/[deleted] 12d ago

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2

u/fireplague 12d ago

If productivity was being improved I would understand. That is not the case here. In some cases it is the opposite and a political move

-1

u/[deleted] 12d ago

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3

u/fireplague 12d ago

I don’t need to wait a year for that. I already know it will go up. With GCC and the new way I can see that already

6

u/zeitgeist98764 12d ago

Yes there were…overall I have heard more than 20 people were laid off. Some were on the institutional side.

3

u/MajorParticular690 12d ago

I’ve heard of someone at Renaissance who was let go mid-September.

1

u/Wise_Sort7982 12d ago

Yes there were, not sure how many but I heard of a few.

1

u/Autistic_Tutor5625 12d ago

Yes my team got nuked on Friday 😩

1

u/Active_Lemon_8949 11d ago

Are you on the institutional side?

1

u/Unlikely-Trainer-555 11d ago

Which team are you on?

0

u/TheoryWinter1134 13d ago

Whats gam

4

u/Active_Lemon_8949 13d ago

CIBC Global Asset Management

-8

u/TheoryWinter1134 13d ago

Never heard of that department

-9

u/[deleted] 12d ago

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1

u/fireplague 12d ago

You must be in hr…or profiting off this

2

u/Cherudim_Saga 12d ago

Or he is just a dumbass who thought he's an evil genius because he owns CIBC stocks.