RIP Barclays LA
Big culling in the LA office, first years were given offers to NYC. Sad to see it but banking in LA is dying.
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So people that just hit the desk and signed a lease in LA have to move ASAP?
Wtf happened? Seems so abrupt for them to shut down the office..
New ceo hired McKinsey to streamline IB, cut costs
Send the marines and stop them!
RIP. So many years and memories.
Zero reason to be in LA, you can back justify it all you want
The LA team was very finicky, dependent on one dude basically. Sad but not shocking. On the bright side, for the juniors who get to move, NYC is a much better office, and you are certainly significantly safer from layoffs. Barclays SF is operating at half capacity, too, given how many senior bankers have been lost.
Shocking to hear
So they’re just out of a job?
is Barclays the new UBS?
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