4 Comments
 

Based on the most helpful WSO content, there isn't specific mention of layoffs directly tied to firms heavily involved in FBG (Fixed Income, Currencies, and Commodities). However, there are broader discussions about layoffs across various banks and groups, including analysts and associates, due to market conditions, restructuring, and overstaffing. For example:

  • Barclays has seen layoffs across multiple groups, including analysts and directors, with severance packages provided.
  • Jefferies reportedly laid off 4-5 people per group, targeting mostly 1st-year analysts and associates.
  • Goldman Sachs and other major banks have also been involved in layoffs, with some targeting underperformers or as part of broader cost-cutting measures.

If you're specifically looking for FBG-related layoffs, it might be worth monitoring updates from firms with significant FBG operations or checking with industry contacts for the latest insights.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/lay-offs-soon?customgpt=1, How bad are things going to get?, Jefferies Layoffs, https://www.wallstreetoasis.com/forum/job-search/current-team-denying-internal-mobility?customgpt=1, Layoffs 2020

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