CS layoff notice in LDN
80 out of 260 CS LDN IB employees to be let go. 17 MDs, 17 Ds, and 12 VPs and the rest from ASO and ANL. In LDN, the law requires early post of layoff details. The cut will likely happen on 7/31.
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if this is just round 1 of 3 that is just brutal
The first cut will likely be the biggest so this was in line with my expectation
Sorry if you were impacted. How were the cuts distributed across group/product? Any team hit especially hard?
Read the first post my man
Read my question again
Heard that another two rounds are happening in September and October.
What a bloodbath. Mgmt just wiped out almost all of ANL ASO headcount. Heard cuts in US will be more severe.
no way wtf
OG post here. This is trolling
any idea about the new grads who’ve just stated?
no one on here will have any idea what’s actually going to happen with new grads. CS grads make up half the combined analyst class—they took the place of half the UBS analysts that were supposed to come in July. If you want a prediction then they’re probably going to need the first year analysts in the short term, but long term who knows.
All those that were given notice stopped coming into the office. Feels like a ghost town. Morale at the office is... devasted to say the least.
OG post - another troll…. Nvr realized how full of troll this forum was
You need the senior guys to coordinate layoffs of the Jr guys. Poor performing MDs will happen in probably the final round
Any updates for NYC?
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