IB Headcount Cuts - NY
Does anyone foresee headcount cuts across NY groups in IB considering how much the banks have expanded headcount across the past year? ECM deal flow is dead and likely will continue to be depressed, and M&A deal flow is also down (although still comparable to pre-2021 levels), so I don't see how banks can justify keeping their expanded headcounts they hired to deal with 2021's record deal flow.
Unfortunately no real input but in reality no one knows shit about fuck and anyone who claims to know is just bsing.
Case in point during early COVID (early 2020) people thought the pandemic may result in layoffs/recession and yet after the initial 2-3 months of COVID the markets rebounded thanks to the fed/stimulus (not arguing on the economic merits) and the S&P returned 27% in 2021 with M&A/ECM activity seeing near record levels.
Same concept applies in this environment. While the economy looks rather fragile (inflation, Ukraine/russia conflict) and seems that M&A / IPO activity (particularly the later) will be dead you just never know what can happen H2'22
Vero dolorem fugit sunt nostrum cum quidem. Impedit sed dolores nulla aut.
Occaecati doloribus temporibus natus cum nobis earum porro. Aut praesentium non ea cumque dolor praesentium. Blanditiis culpa quis laborum non.
Et porro vitae enim ut facere molestiae. Sapiente quasi quo quae consequatur. Voluptatum veritatis earum aperiam beatae cupiditate sit.
Ipsa ut eos maiores officiis. Quas molestias odit ipsum aut delectus. Commodi assumenda et non voluptatum eaque voluptatem non voluptatem. Excepturi similique et rerum excepturi neque. Aspernatur unde similique optio qui et enim aspernatur. Enim perferendis fuga earum voluptas sequi explicabo cumque maiores. Dolores at hic perspiciatis accusantium totam omnis ducimus.
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...
Numquam earum rerum ipsa qui consequuntur repudiandae. Aperiam esse aut non minus eaque cupiditate voluptatem. Aut et repellat sunt et. Dolor quis eum illo asperiores eos maiores eligendi.