PWP layoffs on first day interns hit desk?
Just heard from my roommate that PWP had layoffs on the first day interns hit the desk. Bold move if true.
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You think they give a shit about what day the interns start on
Some intern must have used comic sans on a pitch deck
Any insights who was affected ?
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Heard it’s ranging from 1st years to high mid-level people.
This is a firm that cut 40% of its intern class in a bull market. Incomers know what they’re getting into
damn why tf are they cutting in a bull market? To stay lean?
Source?
Lol true. The SA return offer rate in London is something like 4 from 17.
Is this really true? Not what I heard regarding LDN office
and someone said in another thread that some "gunners" didn't care about how firms treated their interns and SA because they would still apply to
guess that's why it's important to really name and shame, and avoid those firms
Welcome to ib everyone!
No, it's just PWP
Can u elaborate?
EMEA or NAM?
Any update on their situation?
took a page out of Louis Litt’s book
So ruthless if true. What a tone to set... Damn.
Apparently London got hit as well
In my graduate class in 2010 (Tier 2- BB), 6 out of 60 grads were fired the day after the end of the training. 15 more 1 month later. After 12 months, we were only c20 left.
So, lol abt the interns. It's not like they fired the interns. That would have been a bold move.
Like actually fired for performance in training? Or just usual layoffs in 2010?
Both
They were laying off people through all ranks.
But they decided the 6 to lay off among the 60 grads based on ranking in training lol.
Any insights on EMEA?
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