Lower revenue, job cuts - who will go ?
Job cuts are coming, with revenues plummeting as deal levels normalize from artificially high levels. Just wondering what the consensus here is - what levels/regions/divisions will feel the brunt of the cuts, and who is safe?
I've had some conversations with senior bankers who said that analysts (which is where I am) are safe because we're cheap (and because our office is rather top heavy). But who really knows.
As long as you are not in M&A you shouldn't be too scared.
No offense, but this sounds more pertinent to your firm... how can we answer for your firm?
Overall, mid-level (sr assoc, VP, director) most at risk if you aren't a revenue producer
Credit/fixed income could be in for a tough couple of years. Would probably steer clear of high-yield near term.
Alotta shops staffed up in tech. But IPOs and M&A are both down. Anyone could be at risk.
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