PWP Layoffs Europe
Incoming SA, worried about layoffs. Any updates on layoffs in Europe? Was aiming to convert to Full Time but now….
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Based on the most helpful WSO content, the 10% workforce reduction at PWP appears to have been focused on underperforming teams and individuals, particularly in smaller coverage groups and areas like O&G, which has faced challenges due to industry decline and external factors like the oil price war. While some analysts and associates were affected, the cuts were not heavily concentrated on juniors overall.
For Europe specifically, there isn't detailed information in the dataset about layoffs targeting that region. However, it's worth noting that layoffs in investment banking often align with performance metrics and strategic priorities rather than being region-specific. If you're an incoming Summer Analyst aiming for a full-time conversion, focus on excelling during your internship to stand out, as firms typically retain high performers even during challenging times.
Sources: 10% Workforce reduction at PWP, The Truth About PWP, PJT vs PWP - London Office
SAs and SA return rates are unaffected.
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