EB Layoffs?
Incoming FT at an EB, are there any rumours/confirmed layoffs at EBs so far? Or is it all concentrated in BBs
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EVR already fired a couple associates / VP in the past two month
Am at EVR, only 2 Associates let go out of entire firm that I have heard of.
There were 2 in 1 group (probably what you heard of), then 1 in another group around 2 weeks later, then another one the week of earnings in a 3rd group
Curious if any boutiques that have grown their class sizes rather quickly are facing any cuts, and at what level? (Guggenheim comes to mind)
Moelis came out on the company wide call and said they will not be letting people go but rather hiring more. The bank has tons of cash and very little liabilities so cap structure is good, though I'm sure 2023 bonus will go down. I assume banks with strong RX practices will either retain people or hire more due to uptick in RX transactions.
Of course with the volatile market we have tbh nobody knows what will happen in the next few month.
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