JPM layoffs
Anyone know if more layoffs are coming or are what……………………… looooooooooooooooooooooooooooooooooooooooo
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Curious to hear as well. Anyone here has additional insights on this.
bump
not in JPM but honestly think there will be another round towards EOY or early next year if people don't leave. fact is most deals won't close in Dec or christmas time so management should have a good grasp on projected PnL this year in Oct/Nov.
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I think there were some lay offs in JPM London 2-3 weeks ago
Alll I know is these MF will cut anyone with no good reasons several first years were cut last June for no reason
The reason is extremely low deal flow... it definitely sucks for those people but no bank is going to keep incredibly overstaffed teams with very few deals happening. Almost every bank has cut juniors
I mean than why not fire the VPs and seniors who can’t bring in dealflow than not the analysts fault if the seniors are ass
Citi didn't. BofA didn't.
I'm currently interviewing with a coverage team so I hope they're not cutting too much. They seem like one of the only banks that hasn't done massive layoffs
They have done it last June but kept it on the low
They substantial amount of the analysts in my group when I interned this summer — it was heinous they didn’t even let them get their belongings or anything so their cubes and waterbottles just stood there in place there like they got vaporized. Also everyone was too scared to talk about it so it was literally like they never existed like people getting memoryholed in 1984, Was honestly very jarring, don’t think for a second these companies care about you even slightly
Second. Nobody talked about it after as if they never existed. Terrifying experience.
They did it this past June as well and most of them were all first year analysts that hadn’t even had reviews
Do you work at JPM?
Can confirm
This
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