Shift in IB Culture

Anyone else notice a major shift in IB culture over the last couple of months? Have a couple of analyst buddies at reputable MM firms and their teams are coming in after 11, leaving around 7, and overall working consistently under 70 hours each week. Is anyone else having a similar experience or noticing this? If so, could it be a function of deal flow or maybe an effort by banks to try and retain employees as more and more people are complaining/jumping ship?

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