Nomura London Layoffs

Just a quick note. Appreciate anybody who has intel (Ideally at NMR or linked closely)

Has anybody heard anything about the Nomura layoffs in London? Had a bunch of people from Nomura popping up who had been laid off. Daily connection requests from Juniors in London looking to network for roles.

Was it a layoff or was it standard bottom bucket churn? etc

I had heard rumours that EMEA TMT had been cut (10 members) and a bunch of other sectors at the analyst & associate level.

Appreciate any intel from Monkey Juniors.

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Bottom 10%-ish across most teams, excluding a few outliers. Tech/Media and FIG were impacted more substantially, with Tech losing around half of the team. But it was a train wreck in any event, so not really surprising.

As an aside, they moved Telecoms and Digital Infra under Nomura Greentech a while back, so there is no TMT team at Nomura.

 

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