Apparently they downsized their advisory team in Toronto - Rumor's are some guys went to US offices. Pretty short stint in the Canadian IB market if you ask me, think they were around since 2016. Don't think they had great deal flow.   

 

Not looking good at Lazard. They posted a Gaap loss and cutting 10% of HC through the year. 
seems they were looking at layoffs since January but high professionals services expenses coupled with high travel expenses and tech costs did it for them. Closing Canada and Latam.

wondering if they will implement some AI…. They we’re building Lazard labs last year. 

 

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