Supposedly today analysts and associates are being massacred across IBD. Anyone have any insight as to the percentage across groups?
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Kids are getting canned left and right. Two of my buddies at BofA product groups just got the boot.
Edit: They were first-year analysts.
follow the dealbreaker comments. I haven't seen percentages, but it doesnt look pretty - http://dealbreaker.com/2009/03/layoffs-watch-09-bac-ii.php#comments
Haven't heard from him yet, but a buddy of mine (1st year analyst - FIG) said he was gonna get the boot today. He also said to save a spot for him on our spring break trip lol.
Edit - Just confirmed he get canned.
gg
food for though - does this mean, if laid off analysts/associates somehow find another analyst/associate position, are they placed in the same year? or are they downgraded?
what side were these guys from - ml or bof a? just ibd or across the firm?
Any info on the energy group for either bank?
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