Redundancies 🙁 - Sales Executive ADS Securities Employee Review

Just had a huge round of redundancies. There were rumours about some huge losses happening on the Abu Dhabi trading desk and costs needed to be cut but the funny thing is literally the day before the redunadancies were announced the management were still telling us we were the biggest, most profitable, most capitalised broker in the world. Really?The management say that no one else will lose their job but they have a reputation for not telling the truth.