RIF for 1st years?

An IB headhunter recently stated that RIFs are likely to come in Q3, and that first year analysts will be on the chopping block. Can anyone comment on this? Starting at a middle market bank in a couple months and am nervous after reading this brief.

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How does it look when you cut newly hired cheap graduate / cancel on him vs. cutting the worst performing VPs / EDs that do not produce many pages / models, nor bring in deals yet? 

"If it is on WSO, it must be true" ~ old Jewish proverb.
 

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