DCM during Layoffs
How are DCM teams typically affected during firm-wide layoffs or recessionary conditions at BB? Specifically, how does IG debt fare, and how are high-yield teams impacted?
Are any industry teams at particularly high risk? Are any considered relatively safe?
Bump
would assume its less affected? whenever there is a market downturn, the debt market gets busier. Reminded me of the begining of covid
I don’t think that’s true
bump
I think not as bad as other departments as they have debt deals to compensate, but would assume that they still cut some juniors
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