Anyone hear any rumours on job cuts yet? Imagine that most banks will be looking to cut pretty soon given the crazy hiring market last year.
Places like Perella, Jefferies, Evercore and the BBs which hired like crazy are likely to start the proceedings. Read a rumour about the cuts at JPM. What about you guys, hear anything? If so, what level?
| +247 | Who Killed Wall Street | 69 | 4h |
| +198 | Worlds Worst MDs Competition (2026 Edition) | 46 | 2h |
| +170 | Only Indians cold emailing | 51 | 4h |
| +170 | UBS Healthcare | 42 | 4h |
| +125 | Lindsay Clancy - Thoughts from A2 | 22 | 3d |
| +58 | More diversity needed in the industry | 11 | 1d |
| +53 | Shana tova - happy new year | 9 | 4h |
| +49 | Did My Team Set Me Up to Miss VP? | 24 | 8h |
| +48 | NYC Wall Street Run Club | 13 | 23h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 22 | 16h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
From what I know, Jeff is severely understaffed in certain teams. Won’t be surprised if JPM / EVR will actually cut jobs
Will cut jobs or not? Looks like your two sentences contradict each other.
What's unclear?Jefferies is understaffed = don't think will cut job.JPM / EVR might cut jobs
Jefferies London is understaffed like hell, so I don't think they'll be cutting any time soon. I'd be willing to bet that a number of BBs will be cutting though.
What are these understaffed teams at JEF?
Yes, does anyone know?
HC and M&A for sure, don’t know the others. But I’d stay quite far from Hc unless you donmt want to find yourself turning useless comments 4am on a Friday night
Any insights on CS ?
any insights on MS? looks like the off-cycle interns got screwed judging by return offer rate
Can confirm numerous MMs in London are still hiring and severely understaffed. There has been an exodus of experienced analysts and associates past 3-6 months and it shows. Finance really struggling atm.
Delete
I'm at a MM in London and we've cut a lot of people over the last few weeks. Pretty scary
What sort of MM? One of Blair / Baird / HL?
Not them, I'm at a lower MM
Is this a tech focused MM?
just drop the name lol you’re anonymous
Quaerat asperiores placeat fuga quaerat hic quod est. Neque aspernatur ut quis perferendis qui quis. Nulla autem quia cupiditate iure tenetur.
Eum quia et sunt unde consequatur voluptatum reiciendis. Odit quo omnis eos saepe placeat. Quos non error impedit pariatur minus qui est.
Et voluptatem at omnis est ipsum. Debitis aut et voluptas quia saepe. Cumque vel nihil aspernatur veniam est.
Ex quisquam totam et enim quia et ullam. Illum totam fugiat quasi molestiae iure. Fuga voluptate qui temporibus officiis. Deleniti id tenetur reiciendis quidem autem in quia.
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...