Is my former boss sabotaging my career?
Was let go from my first job in derivatives/cap markets after less than a year. Not trying to shirk responsibility here, definitely things I will improve in my next opportunity but my boss and I just didn’t click for whatever reason. Feel free to Pm me or look at my post history for more details if you’re curious.
I’m not making this post to complain about being fired, or the miserable job seeking process. I’ve actually managed to get some interviews at an OK rate for IB/Capital Market/AM etc at a range of firms. The issue is that despite having solid interviews, I cannot seem to convert an offer. What’s more, most of these places outright ghost me, even when I ask for confirmation that I was rejected. I could understand this treatment if I was interviewing at Jane Street or for Goldman TMT, but to get straight up ghosted for a Fortune 500 FP&A job that I am frankly overqualified for and had a referral to has me paranoid that my prior boss is sabotaging me.
For context, I have been explaining my situation as being “laid off due to a company restructuring”. This is a partial truth as headcount was significantly reduced in the weeks leading up to my termination.
I just want (need) to know if my boss is dirtying my name/reputation to recruiters/ or simply telling hiring managers that I was a bad employee/wasn’t actually laid off. Is it likely just the reality of the market that I am striking out? Should I change up my story? Is there any way to find out if my boss is sabotaging me and if so is there anything I can do? Would absolutely love any thoughts on this.
Based on the most helpful WSO content, it's understandable to feel paranoid in this situation, but there are a few key points to consider:
Likelihood of Sabotage: While it's possible your former boss could be giving negative feedback, it's not necessarily the most likely explanation. Many companies avoid giving negative references due to the legal risks involved, such as defamation or slander lawsuits. As mentioned in WSO threads, negative references are litigation-prone unless there's concrete evidence of misconduct (e.g., drug tests or police reports). Most companies either provide a neutral reference (dates of employment, title) or no reference at all.
Market Realities: The job market can be tough, especially in competitive fields like IB, Capital Markets, or AM. Ghosting is unfortunately common, even for well-qualified candidates. It might not be personal but rather a reflection of the hiring process or internal changes at the firms you're applying to.
Your Story: Stick to a consistent and professional narrative. Saying you were "laid off due to a company restructuring" is a reasonable explanation, especially if headcount reductions occurred. Avoid over-explaining or bringing up potential conflicts with your former boss unless directly asked.
Steps to Take:
Legal Considerations: If you find evidence that your former boss is actively sabotaging you, you may have legal recourse. Consult with an employment attorney to explore your options.
Improving Your Odds: Continue refining your interview skills and tailoring your applications. Seek feedback from trusted mentors or peers to identify areas for improvement.
While it's natural to feel concerned, focus on what you can control—your narrative, networking, and preparation. If you suspect foul play, take proactive steps to address it, but don't let paranoia derail your job search efforts.
Sources: https://www.wallstreetoasis.com/forum/job-search/suing-a-former-employer?customgpt=1, Caught interviewing and asked to leave, My boss just tore me a new one and I don't know what to do differently, We need to let you go, Dealing with PM (equities) who is trying to limit your progress
You're schizophrenic, your boss is not the bogeyman. It is just a very tough market.
Well, I did have an experience where my former shop jeopardized a few job opportunities. If you got let go try to avoid recruiting in the same coverage space you got let go from. Chances are they will call especially if they did business together. This is a tiny industry, and if you were fired you need a clean reset.
Is this Harper from industry?
Maybe if it was one or two companies your boss worked with, but I don’t think there’s anyway he could have before even doing the background check level at all of these different companies/industries
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