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Simon English: Trader Steve has been synergetically adjusted

Outlook Ring ring. That's trader Steve on the phone. He's just been fired. He got the old tick-tack. It's musical chairs and he doesn't have a chair. He is non-voluntary turnover. His office has had to negatively amortise surplus personnel.

The good news is that his employer is now closer to hitting its synergy-related headcount adjustment goal.

And he has increased time for personal leisure opportunities.

Jamie Matheson is right in the long term. In the shorter one, it really is rough out there. Miserable.