Houlihan Lokey Layoff
Heard from multiple sources that HL is laying off analysts in some of the groups firmwide. Can someone confirm this? Would imagine that the M&A practice is taking a heavy hit over the past couple months Any insight would be great
I'd be shocked. They just announced Q4 earnings and revenues that topped expectations and have a restructuring practice that is intended to assist in riding out market volatility.
Yup, probably one of the last firms I'd expect to cut. You don't cut analysts out of certain groups that aren't doing well when other groups are making up the slack, generally. You may cut a senior or two but things have to be pretty drastic to start laying off analysts who aren't poor performers.
I really doubt this is happening. Of all firms, HL is not one to be laying off its employees right now. The firm is still producing solid results and is well positioned to offset a decline in M&A activity with revenues from its strong restructuring practice. Agree with the previous comments, it's one of the last firms I'd expect to cut employees during these times.
this HL notion was in that other thread too. please elaborate on “multiple sources” here. disinformation like this is super bad in times like these.
there’s gotta be at least one dude on WSO that actually works at HL that can confirm/deny this firsthand
Seems like the comment in that other post was bs, the guy edited it suggesting it could be a list of other firms.
I work in the CF division of HL. I have not heard personally of any analysts in CF being laid off. Obviously there are many offices but I feel like I would have heard something through the grape vine.
The only MM I have heard of having layoffs to date is Cantor. I would like to think that given our strong FR group we should be okay.
About a month ago we were told that our bonuses would not be significantly impacted so I took that as a positive sign.
I trust this guy. ostensibly at least he’s certified and works at Houlihan Lokey
The sources are Current Analysts in the firm. Both in New York and Chicago
Well a quick online search shows that they have quite a few openings across their offices. Interesting to reconcile current openings and performance with your sources.
I believe this is true in this case. but I’m weary of banking postings since a lot of them are for visa compliance (I.e. fake)
HL is not going to layoff analysts. They pride themselves on the fact that in '08 they did not lay off a single CF analyst due to the uptick in FRG revenue. Probably the last firm on the street that needs to worry about market volatility in their business.
Yeah was about to say the same, their FRG practice carries the weight during these times.
I listened to their earnings call yesterday and they said the contrary, that they are actually trying to acquire more talent in this environment.
I'd be shocked if this happened. If anything, they're better off repurposing everyone into some RX capacity haha
I heard directly from someone in the Chicago office that they laid off ~25% of their food and bev group. Not sure about any other groups
Associate performance reviews / bonuses recently happened. It could be a possibility that they let go of an under performer. But again, I have not heard personally of any analysts being let go. I would like to think that HL would be able to move an analyst to another group during a time like this rather than lay them off given that we are quite adaptable.
Apologies for bumping this dormant thread but how were bonuses at HL this year? Currently deciding between offers from HL CF and a similar MM and tbh both are pretty equal between culture/prestige/exits/dealflow so comp might be my tiebreaker.
Following, the rumor seems true
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