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Hey man - sorry to hear this. Not that this is the same, but I was told I wouldn't get a return offer, so I've had that sinking gut feeling. Couple things I think might help

1) Come guns swinging. Right now as much as the stinging is, everyone affected by headcount reduction will be gunning for seats. Assuming you came from GS, start hitting up your network, aggressively tap head hunters (yes their reputation isn't great but something is better than nothing), and start applying everywhere. I would like at sites like wayup and handshake as well. Nothing is off the table here, and with your experience from banking you should be able to get out there. Lateral market hires is virtually closed, but you can sneak in somewhere. 

2) Use the pain to drive you. You are certainly upset, but sitting in it all day long only makes things worse. Use it to get motivated and try to slug through recruiting. That pain won't go anywhere until you find a new seat, so try and tame it now. 

3) Reflect. Ask yourself - if they didn't tell you - why this happened. Performance? Fit? Neither? Why did others stay and you didn't? These questions are hard to answer or might be impossible, but I think long term it might help formulate a plan. None of us are perfect and we can all do a better job at either fit or performance. Create a plan to try and be better. 

I would wish you luck but the formula in these situations almost rarely involve luck. It's a formula. New opportunity = benefits from previous hard work + new hard work - sorrow *(1+luck). You have the first part built up. You know your stuff and you've built at least somewhat of a network. It's time to grind on the new work, minimize the sorrow, and that luck portion will fall into place. 

 

Sorry to hear. Between this and COVID it’s been a rough few years for the youngins. I was impacted by the GFC, as were many of my friends. Was a couple of years walk in the wilderness for some as people evaluated their priorities but all came out fine in the end. Try to establish a daily routine and small, achieveable goals. In 2009 for me it was cycling, then learning a 2nd language. Then economy started to rebound and its but a distant memory. 

 

Take a step back and try to figure out what you want to do.

If you want to do PE, plenty of firms are hiring for 2023 / intermediate starts.

If you want continue to do banking, you may need to settle a lower tier bank or corporate job for a short while but once the market picks up, no one is going to hold it against you to lateral. 
 

No matter what, make sure there are people who can vouch for you at your old firm. Someone will want to do some digging. 

 

Sibling who isn’t much older than you got laid off couple of months ago from consulting  job. Tbh the first reaction was why me, it’s unfair, etc. It wasn’t the nicest thing on my end, but a straight up conversation around why it happened (not focusing on work as much as Year 1, not keeping internal team happy, pushing back on assignments that may not have been good, not paying attention to review process). All the signs were there, just lack of awareness. So as much as it sucks, little bit of introspection is required first.
 

Don’t beat yourself up over it but understand it’s a competitive world and it never stops. then refocus on job search. People will typically be helpful. You may not find something of same caliber or pay. But when you look at these jobs on long term, the churn is so high, even without layoffs most people don’t survive anyway. 
 

Sibling ended up getting another consulting job that actually paid more and not really a downgrade. But to some extent it also required understanding that coasting back end of COVID and thinking the firm owed something wasn’t the right approach. 
 

The situation may not fully apply to you but for a wide range of recent layoffs, need to go figure out what they could’ve done better over the last 6-18 months.

 

in the same boat. got ghosted by a girl ive been seeing for half a year the same week. going through it

 

Bad week. Grind through both, start focusing on future (what you want), and then how to get it. Good luck.

 

I know it won’t help you feel better rn but it’s worth internalizing. You’re likely in the top 0.1% of men in the world assuming you’re relatively in shape. Don’t reach back out to her. she’ll come back because thats what they always do. She only left bc she thinks she can do better, but she can’t, because you’re the fucking man. Use the suffering as fuel. You got this brotha.

ready for the MS and “thanks intern” comments

 

Eat healthy, sleep well and on time. Be productive. Do not get paralyzed by fear. Find a few people to support you but also most importantly motivate you and will be brutally honest with you if they see you're getting distracted / being unproductive.

Haven't gone through a layoff myself but one of my siblings did and things started to look up / improve when they followed the steps I mentioned. Also understand the economy is not in great shape now and that you aren't alone but of course do not use that as a reason to feel sorry for yourself / feel complacent because you know others are in a similar boat.

 

Was laid off along with a large portion of my analyst class during the dor com bust

it sucks, but what kept me motivated was a) working out like a beast. I was never in better shape and b) pounding the pavement to get a job. I set myself the goal of one meaningful lead a day. I also generally like my booze but didn’t drink in that period because I didn’t want any form of sloth or malaise to set in.

ended up getting a job at a small boutique in the space I covered / low pay and no prestige but kept me on the game (a lot of these will be hiring). Within a year, I had a job at one of those shops that people on here rave about and that was history. 
 

it’s totally normal to get laid off in this industry, never take it personally 

 
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Go outdoors, do some running or biking, surround yourself with good friends.  Start applying at other firms.  Touch base with your contacts, grab a coffee, keep up with what is going on in your industry.  Don’t be down on yourself or feel sorry for yourself.  You’ll be okay, nothing is more important than to make sure you are healthy - body and mind.  

 

Imagine you are old and telling stories to your grandkids about your career.  That might be a successful career or an unsuccessful career, or something in between.  It might have any number of ups and downs in it.  But you know what that story definitely won't have: "I would've been fine if I hadn't lost that analyst job". 

This event has very little bearing on your long term future.  Just find another job.  Anything finance related is fine for now.  If you get something as desired as another IB gig, great.  If you get something less desirable, don't hold out.  You can always move back up a track when the job market gets better again.

 

Hey man sorry to hear. I got fired within 10 months of An1 and within 4 weeks had an offer at an even better bank with higher salary for an AN2 position. Anything is possible! I found it helpful to apply everywhere and reach out to ALL recruiters to get practice in. Make sure you surround yourself with good friends and partake in activities you enjoy that you didn’t get to do during banking. Going to gym regularly and having a routine (having morning interviews helped me make sure I woke up) definitely helped me. I’m sure you’ll be fine just keep your head up, listen to some Rick Ross/ dj khaled and grind. 😉

 

Sorry to hear that. Can totally understand what you must be going through as many of us have passed through similar phases in life sometime. Only one piece of advice i would give, and applicable in good times as well as bad times  and that is " This too shall pass".  Time is the best healer. Remain focused on your passion and be positive, life has much bigger and better things for you. Would be happy to help incase you need any. Wish you good luck!

 

Minus ipsum optio autem ut perspiciatis fugit. Molestiae sit inventore qui itaque facilis.

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