Has anyone heard of any virus related layoffs on the street? A buddy of mine got laid off as a 3rd year analyst and I told him that it was just because his excel skills are a$$ and not because of 'rona. LOL
Let me know if you or any of your friends have gotten axed recently.
Best, 3rd yr boutique IB analyst
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Simmons (piper Sandler or whatever the tuck it’s called now) in Houston cut significant
I’ve seen banks prune the hedges, but nothing significant. I assume if business (M&A) continues to drag through the summer though, there may be some RIFs in Q4. But most investment banks should be doing well in this environment with trading, DCM (both IG and HY), rates and derivatives, and ECM being extremely strong in the last two or three months. The only places hurting right now are M&A, Sponsors and unfortunately overall banks due to the low interest rates.