I've worked in multiple financial services companies where management is incentivised to be as ruthless as possible and they are always overstaffed in areas and understaffed in others. I've been in teams of 10 people that could be staffed by 2.
Hiring often isn't done because of current requirements. Senior execs come and go and with them so do strategic objectives. You accumulate people and they're often not laid off when the thing they work on becomes redundant. Large scale layoffs are awful for morale and usually only come after a 'crisis' occurs.
Hiring often isn't done because of current requirements. Senior execs come and go and with them so do strategic objectives. You accumulate people and they're often not laid off when the thing they work on becomes redundant. Large scale layoffs are awful for morale and usually only come after a 'crisis' occurs.