Layoffs & downsizing in equity research

I saw this post on Reddit last week of a guy saying he was laid off. His reasoning is that HR requested all departments make necessary cuts. If this is due to the recent market movements and the ominous times ahead, coupled with the ailing state of ER, should we expect more downsizing? I will start in London in a few weeks and kinda freaking out.

https://www.reddit.com/r/FinancialCareers/comment…

Comments (12)

May 14, 2022 - 7:23pm
nutmegger189, what's your opinion? Comment below:

Reduction in force is a real thing. Sometimes banks just have to cull, banking is cyclical. They won't cull new joiners though, very unlikely.

  • Junior Trader in S&T - Comm
May 15, 2022 - 1:24pm

What groups /sectors in ER usually get hit during a recession historically?

May 15, 2022 - 3:04pm
retard, what's your opinion? Comment below:

All heavily cyclical industries. Financials, consumer discretionary, autos etc

That's how I'd think about it

  • Junior Trader in S&T - Comm
May 15, 2022 - 9:52pm

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