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Real Estate 2024 Layoffs
Companies that are doing layoffs? Company names? Chances for more layoffs? When will the layoff wave stop? Job Market? Ease of finding of new roles? How difficult is it to land at an institutional shop?
Laid Off - Need Guidance / Reality Check
I was recently laid off as a corporate banking analyst III at a large international bank in NY covering the REGAL sector after a year and some change there. I had left a top Valuation/Advisory analyst position at another bank (also after a year) for this role (deal experience and personal interest...
Anxiety post layoffs - how to move forward?
Got laid off about a month ago (company layoffs - not performance based) and have been struggling with anxiety. I've been trying to do everything that I can to find a job (cold emailing, networking, coffee chats, working with recruiters, applying to jobs super quickly, etc) but haven't had much...
Gravitas Securities Closes Shop?
I have heard rumours of Gravitas Securities, a Canadian "investment bank," closing their doors and laying off key staff and long-time employees. For background, I have never heard good things about this firm. From being a boiler room operation with toxic management who are blow-hards and shady...
New Year - layoffs incoming soon?
Well - hope the gang enjoyed the holidays! As we come back to reality, i am sure people are hearing whispers of layoffs resuming besides the usual annual cuts. curious on who else is hearing similar in their respective firms.
How Hard is it to Hold Onto Your PE Seat?
Obviously this is a function of rates/the current market, but seems to me that lately a lot of associate level folks in PE on this site are posting about being forced out / feeling anxious about not having a PE seat for much longer. It's a given that MF funds tend to have 2&out programs, but for...
State of the NYC Commercial Real Estate Job Market and CRE Headhunters
Hello all - I have seen a few posts (and expect there to be more in the coming months) about layoffs and the current job market given the current environment we are in. I am interested in hearing what CRE professionals are seeing in the NYC job market specifically. I will share my experience below...
Deciding between staying at small growth fund or take MM IB job for PE recruitment (post IB layoff)?
Hi all - just wanted to hopefully get some perspective from people here as I try to make a pretty important decision. I was previously a first year analyst at a top MM bank (think HL, Baird, Jefferies, etc.). The firm I was at had massive layoffs earlier this year and I was suddenly thrust into this...
Current job market for experienced consultants
Ignore the title (came from IB), but I was recently laid off from my tier-2 consulting job (think: LEK/S&/EYP/OW/Kearney) due to the current economic environment / M&A slowdown. Idk about anyone else here, but it's been INCREDIBLY hard to not only find a new job, but a new job I am genuinely excited...
Leaving Top Group at CS for Santander?
Hi guys, I'm an incoming first-year at CS (I guess UBS now) and am having a bit of a career dilemma. I just got an offer from Santander to join their M&A team but would prefer to stay in one of the top groups at CS (think Sponsors/M&A), which I'm supposed to join. My start date didn't get deferred...
BMO Capital Markets Layoffs
BMO just announced the first wave of layoffs affecting all capital markets teams. Analysts, Associates, and VPs were affected. If you are at BMO looking to leave, you might want to start thinking about it now since they will not warn you about the decision in advance but rather the day of.
BofA Securities Layoffs in APAC
Heard ~50% of analysts cut in IBD across teams in APAC. Wonder is it is true?
Lazard to cut 10% of staff to contain costs amid dealmaking chill
Lazard said on Friday that it would cut 10 per cent of its staff over the course of 2023, citing a continuing deep chill in deal activity and high costs from adding staff during the pandemic. Revenue from its deal advisory business fell 29 per cent in the first quarter from a year ago, according to...
Laid Off from Tech- Looking for a Job back in Finance
Hey all- I have about 6 years of working experience, just about 5 of that is in FinTech as a Strategic Finance/ Business Development Manager. Before that I spent a year in Investment Banking at a large BB. In Jan my company did cut backs, and I am finding it impossible to get another job. Typically...
When do you expect lateral hiring to resume?
First-year that was caught up in the layoffs. Been recruiting for an IB role for some time with no luck. Wondering peoples guestimates on when lateral hiring will resume. How much worse will it get before it gets better For people that have seen a cycle before, what were the signs that firms would...
Current job market
Obviously the current job market sucks. For those laid off and looking, how are you faring? Are processed being dragged out? Do you know if any banks hiring at the associate level?
Laid off bankers, how’s it going?
For those who have been laid off, how’s the job search going? Which industries are you targeting? Are you finding opportunities through connections, recruiters, or applying directly?
Getting fired during recession as analyst at BB bank
I am a trading analyst at a Bulge Bracket investment bank and am concerned that there may be layoffs at my company following recent market activities. I’m concerned whether my firm would be likely to lay-off analyst/junior level employees? Or would it be more likely to lay-off more senior (and...
Incoming WB analysts - advice
Going to be joining one of the hardest-hit groups (healthcare/tech) during the recent layoffs. I'm not totally sure I feel secure (employment-wise) now after the cuts and the extremely low bonuses. Any advice on how to approach this? Is it recommended (or even possible) to recruit FT elsewhere at...
Another Round of Layoffs Forseeable?
Hope the title didn't raise your heartbeat too much... Incoming MBA candidate here. Spent the past 2 years preparing for the pivot to IBD amid COVID Do you guys think there will be another round of layoffs in 23-24? Given the market and economic outlook. My second question is, will MBA recruiting be...
Are you worried about layoffs?
How worried are you about layoffs? I’m at a Blair/Baird and starting to get very nervous. While no layoffs have been announced, the firm continues to talk about cutting expenses. How do you stay positive and focused in this environment?
G-Research layoffs
Layoffs have been announced last week at GR. Which teams are impacted? How many people? (Heard around 100-150)
Truist Layoffs?
Does anyone have an update on the Truist Situation? I saw Litquidity posted that 71 bankers got fired but i'm wondering if anyone has more insight???
Terrified of losing my job before it even starts
In the midst of all of the layoffs, I am genuinely terrified that I am going to lose my ft job before it even begins. A friend of mine had his offer rescinded a week after he got it. Is that common? Or is it less common to layoff incoming first years?
Interviewing after getting laid off
Hi everyone, I was recently laid-off as a first-year analyst at a lower-tier bank. My position was affected due to RIF layoffs throughout the bank, especially in my group. I am confident that the reasons for my layoff were not performance related as I had solid reviews from those that worked with...
Nomura London Layoffs
Just a quick note. Appreciate anybody who has intel (Ideally at NMR or linked closely) Has anybody heard anything about the Nomura layoffs in London? Had a bunch of people from Nomura popping up who had been laid off. Daily connection requests from Juniors in London looking to network for roles. Was...
Citi layoffs
Heard layoffs are coming but wanted to see if anyone else knows more? EDIT: I mean second round. I know first round has taken place.
Return offer Contingency Plans? | GS Layoffs (PWM)
I signed my return offer to work as a full-time analyst in Private Wealth about three months ago, with the intention of starting in June. With the recent layoff announcement, should I begin making contingency plans in case my offer is rescinded before I begin? I sent an email to my recruiter over a...
Layoffs at GS
Heard GS did a sizable cut in research last week. Can anyone confirm? Any other depts with above normal reductions so far (minus the obvious CS/DB)?
Re: GS Layoffs - Can FT Offer be rescinded? Incoming Analyst after Summer
Obviously there's been much chatter lately about layoffs at GS, rumors of it starting next week - much of the cuts will be in IBD & Consumer divisions. I interned with the Wealth Management division this past summer and was also one of the first few interns to hear back about a FT offer. I can also...
Help - An2 Layoff - Game Plan?
Hi Monkeys, I am impacted by a c.20% layoff in a regional IB boutique before Xmas, myself (An2) and a new VP were impacted. No hint up front, no PIP. Positive mid-term review. MD offers reference and has introduced me to another MM. After taking some holiday time off and fighting off the initial...
Goldman Sachs prepares to lay off almost 4,000 employees
Goldman is preparing a layoff of around 4,000 employees and considering shrinking the IBD bonus pool by 40%, how do we feel? https://www.ft.com/content/bfac6875-5256-4ec9-928…
BB Analyst Impacted By Layoffs - Looking for Insight
Was an A2 at a BB that recently announced layoffs and not really sure where to go from here. It came as a surprise to me as I wasn't given any indication that my performance was lacking and thought Analysts were generally safe. Would like to avoid going back into the gauntlet of IB if possible since...
Should we be worried about layoffs?
I am at a strong MM in a good group. We’ve had a decent year but still 50% down from last year. I haven’t heard anything regarding layoffs but it makes me wonder if I’m being too naive. Should we all be keeping an eye out for job postings and taking recruiter calls in times like these?
Severance Pay
Given recent layoffs what does the typical severance package look like for Associates and VPs? Curious to know specifically for Canada or UK if anyone has that info.
Note to Self: Time to save more money
It seems as though there are some stormy clouds approaching, with lightening strikes observed at some banks in recent weeks. The prospect of layoffs is not something that we've had to experience until very, very recently. I'm thinking that now is a good time to curb some of my discretionary...
MS Layoff?
Rumors swirling across the office that we (MS) are going to announce a list of layoff names soon. Apparently as early as next week. Anyone has more details or insights on this?
Laid off -- tell employers?
I was recently part of the big round of layoffs across IB and have received conflicting advice. I know it's easier to get a job while you're already employed, but some people claim that employers will do thorough background checks. Would you (1) not disclose that you were laid off unless directly...
PE firms supporting laid off portco employees
I just finished up B school and have a month or so before joining a new PE firm as a VP. One topic I've thought about at various times is whether PE firms can / should support portfolio company employees who get laid off under the firm's ownership. I was laid off from my first job out of college and...
Layoff Updates
Posting here because it’s the most active board. Seems like the wave of layoffs is coming. Already word out there, at least in my circle and some news reports, about CS, RBC and MS. Apparently there are also a number of boutiques that are pulling the reins on cost. Feels like only a matter of time...
2020 Layoff Risk
Are mass layoffs on the horizon at banks following this pandemic-fueled market uncertainty? I would normally think no, but there is no end in sight to this bludgeoning. No one seems to know what is going on. Starting to get nervous & am hearing some chatter around the floor. Which groups/titles will...
BB to EB 1st year lateral
This discussion is no longer open. Thanks for the advice and thoughts. Best wishes to all. (Mandatory character count filled)
Bank of America - Layoffs
Hi, Newbie chimp here - I came across a post on blind about Layoffs reported in Bank of America on a website called 6figr But this seems to be only for California now, I was wondering is there a place to find something similar for the East Coast jobs? Thanks!
Laid Off - How to prove I am worth hiring?
Using a burner account here. I was laid off at the beginning of August. I went to a semi-target, graduated in 2016, and had networked into my TS Valuation role. I started this role in September of 2017. I passed the first two CFA exams and took Level 3 this past June but failed by a slim margin. I'm...
Goldman Layoffs
Anyone here feel any of this? Article says layoffs were at higher levels VP+ and affected M&A, ECM, and DCM. From Yahoo: [quote] Goldman Sachs said to cut dozens of investment banking jobs Goldman Sachs Group Inc. cut investment banking jobs in the last few weeks, joining securities firms that are...
How is your firm doing?
I work at a active management FI heavy Asset Management firm and things are looking pretty bad. Based on the email updates that have been going out across the firm. I think things may get worse even if the economy isn't slowing down. Even if the market is flat or up a bit for the year I think the...
Staying Alive: 4 Tips for Surviving Corporate Layoffs
As an Oil and Gas professional, Fridays are both a curse and a blessing depending on whether or not I have a job at the end of the day. Since the price of oil has been on a perpetual decline and showing no signs of a recovery, thousands of employees have been laid off. Everyone from Jim the tool...
New Credit Suisse CEO effects on equity research? (and IB as a whole)
Hi guys, As many of you may know, Credit Suisse 's CEO Brady Dougan is being replaced by Tidjane Thiam in June, and many analysts are speculating that Thiam will downsize the securities and investment banking arms by as much as 3,000 positions in 2015. Do you guys think CS will go the same way as...
Energy Market
Anyone hearing rumblings about IB layoffs in Houston offices of their firms? Market looks pretty ugly down there.
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