UBS to fire 1000's

<p>[TOP</a> STORIES: Quantitative Analytics Hiring Strong in Chicago](<a href=“Finance Jobs, Banking and Tech Jobs - USA - eFinancialCareers”>Finance Jobs, Banking and Tech Jobs - USA - eFinancialCareers)</p>

<p>“While many financial professionals are concerned about job security and plummeting compensation, at least one segment remains healthy: quantitative analytics.”</p>

<p>for those actually in the industry (those who have interned at i banks and/or are currently working at one), please assess the validity of the quote above…despite the fact that many investment banks are laying off thousands of workers, I’ve heard that most of the ones laid off are working in non-quant positions…so is it true that quants generally aren’t hit as hard by recessions as are non-quant people?</p>