Was recently laid off as an Investment Banking Associate before receiving a year-end bonus. It's a boutique firm and the company had a good year (i.e. no need for layoffs). They claimed performance was the issue, but they did not provide any performance review or feedback all year. I was not fired for cause. Is there any case here for unlawful termination? The company is providing a severance package. Thanks in advance.
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IB and high finance in general is a very small world. It's 100% not a good idea to file a lawsuit against a former employer. You were laid off, which sucks, and I agree it's pretty bad management not to provide feedback on a regular basis...but that really isn't worth pursuing legal action and the risk that comes with it.
Take the same mental time & energy and put it into finding a new job.
This is a blanket statement. If you have video evidence of your MD fondling your ass, you better file a lawsuit. If you think you have been unfairly terminated for prejudicial reasons, you should gather evidence and try to make a case. If you can't, then it doesn't sound worth it to file a lawsuit.
Yeah obviously sexual assault is pretty different. Is the upside worth it though for something like this?
You're in PE, and as you probably know...usually you'll have a handful of mutual connections with someone on LinkedIn. There's been more than once that I've asked a mutual friend/acquaintance about a potential hire and they said not to off the books, etc...
Plus lawsuits are a TON of energy. Even if he wins, the upside isn't really worth all the work and energy that goes into finding a lawyer, filing, etc...
It's not like OP got screwed out of $1M or something...
The only reason I was being nitpicky is that there's a lot of young kids on this forum whomight interpret your statement as "suck it up, and take the abuse". I want to make it clear that if you're being seriously abused, absolutely say something. Wall Street has a hyper masculine culture that can be toxic.