Deleted
Deleted
Deleted deleted Deleted deleted Deleted deleted Deleted deleted
Deleted deleted Deleted deleted
Trending Content - Investment Banking Forum
| +198 | Americas M&A League Table Q2 Updated | 78 | 49m |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 38 | 9h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +97 | IB Net Worth / Savings Check | 46 | 8h |
| +86 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 14m |
| +71 | Stop sleeping on UBS - it’s pretty good | 24 | 4h |
| +52 | 2026 VAULT PRESTIGE RANKINGS | 29 | 13h |
| +39 | AI + Financial Modelling | 12 | 11h |
| +30 | We all should've gotten in tech | 20 | 13m |
| +28 | Summer before college | 17 | 9m |
Career Resources
Bump
Bump
If you were put on a PIP, sounds like you were fired.
Layoffs are always due to market conditions, and you were told that market was not the reason, seems like a firing to me.
We also haven’t had a mandate and we’ve had zero revenue for about a year and a half.
Ok, but that’s a group issue and doesn’t automatically mean you were laid off.
You got fired.
the difference philosophically is very nebulous. if practically speaking you got severance, weren't thrown out etc, I would just call it being laid off for peace of mind and move on. the important thing is that it wasn't misconduct and you're not in bad standing.
You answered your own question right off the bat
What does your U5 say?
I've seen people get fired for egregious things (along the lines of sexual harassment, insider trading) and it never went on their U5. Typically firms will just call it a voluntary resignation on regulatory forms even in these particularly bad cases, putting "fired" on a U5 will follow someone around for the rest of their career
OP, I think you were fired but I don't know why you are so caught up on what exactly it was. It doesn't really make a difference when recruiting.
How do you know what went on people's U-5? It's a private document. Firms will still mark terminated on the U-5 (whether the person was laid off or fired) and it won't show up on brokercheck (which I assume you are mixing up with U-5). You're right that they won't put what the allegations were (sexual harassment, insider trading etc.) because it exposes the firm to legal liability from FINRA / anyone else involved.
Nostrum ea quae provident ex qui non. Recusandae rerum quis neque. At rem et eos officia amet repellendus voluptas.
Officia quae omnis quidem labore aut enim. In nihil explicabo et sunt doloribus minus rerum et. Ex error ut id illum assumenda sit necessitatibus.
Rerum numquam et dicta quos quas. Esse aspernatur dolores praesentium ipsam maxime dignissimos. Tenetur asperiores itaque ad dolorum. Quis velit animi et voluptate voluptate itaque sunt quas. Voluptate alias aut molestiae ratione dolorum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...