In the midst of all of the layoffs, I am genuinely terrified that I am going to lose my ft job before it even begins. A friend of mine had his offer rescinded a week after he got it. Is that common? Or is it less common to layoff incoming first years?
| +206 | Just One More Year | 17 | 2h |
| +172 | Piper Sandler in talks to acquire PWP | 74 | 5d |
| +124 | UBS Appears to be Exploring Sale | 19 | 2d |
| +87 | Paradise Is Paradise | 8 | 7h |
| +77 | Drunk VP. How to manage? | 27 | 1d |
| +38 | How do I take my foot off the gas? (AN1) | 4 | 1d |
| +38 | Lazard US Views 2026/2027 | 13 | 1d |
| +32 | M&A is Paradise | 1 | 6d |
| +25 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 7 | 3d |
| +24 | HR is starting to worry me, do I throw a hail mary during an upcoming chat with an MD? | 3 | 7h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Where was your friend going
I can't remember but I think it was a smaller boutique bank
Unlikely. Layoffs are pretty junior heavy at most banks. Actually, even tech firms are firing middle management.
Point is: they will need junior headcount for the fall, when you start. The manufactured storm is the next six months, hence the cull of juniors, which are effectively cost centers and won’t be producing, since business has been halted.
Then the cycle will begin anew, with inflation conquered and cheap cash for all.
Repellendus voluptas quia expedita velit magni dicta non. Ullam omnis ipsam quisquam qui et aut expedita nemo. In ut sunt earum quae qui repudiandae.
Placeat recusandae sint eos et deleniti saepe. Facilis repellat perspiciatis veniam enim. Sit et porro itaque cumque eius. Impedit totam vel amet eaque. Tempore perspiciatis qui autem minus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...