Possible Layoffs on the Horizon?

Guys -

With all the news of very down quarters, diminished deal-flows, and possible layoffs around the corner -- does anyone already working know what we should expect?

For those of us joining as first-years next September... what are some ways to hedge ourselves if we get laid-off?

 

Hiring hasn't been great for the past 3 years, it's not something that changes overnight

 

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