Recession? Who gets cut first?
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This is likely the order of who gets cut: 1. Banking VPs, 2. Banking MDs, 3. Banking Associate, 4. Poorly performing PE directors, 5. Banking Analyst, 6. PE principal, 7. PE Associate/Analyst
For banking I am only referring M&A not RX bankers.
So you think that in general, bankers will get cut before PE people
I disagree
I hurt someone from DB’s feelings
heard Evercore is cutting headcount by 20%
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