Where are laid off people now
Those who were laid off in the past few months, such as Goldman Sachs, Citi, or Barclays… where are you now? Did you end up finding another role? What’s the job market like and what’s been your plan?
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Laid off from a top BB (coverage) in January as a (just completed first yr) second year Asso. Still looking. Corp dev roles moves slowly (and reluctantly), tech recruiters keep making useless introductions to companies that just wants to "keep information on file" and IB is dead quiet except a few very selective opportunities but yet wants all the M&A experience in the world. Apologies if I sound frustrated but I am - nothings been working and am losing quite a bit of steam, motivation and hope.
Have you found quality recruiters for your coverage industry?
my cold application / blind submission rate is definitely below 10% for quality companies - it’s above that % for companies nobody wants to work at (culture / comp / location)
Send me a private message - We are hiring on my CorpDev team and looking to move quickly if you’re interested
in this environment you will need to consider locations/companies considered undesirable
its starting to remind me of 2009 to 2012. people would take any job they could get
Laid off from ok boutique, moved to LMM PE
deleted.
I’m also interested if you don’t mind messaging me!
Laid off in January and have an offer at a LMM shop. Will probably accept and push the start date out as far as possible so I can continue to interview in hopes of a better opportunity presenting itself.
Sorry what’s LMM?
Lower middle market, companies with annual revenue btwn $5-$50 million.
Recent fund size
Following
Anyone laid off secure a PE offer?
Just saying, some corporates (mine in particular) looking for people in various corpdev roles.
Asso/VP level
Hiring has been hard from corporates (tough to compete with sky high banking comp these past 2-3 years), i think there are opportunities out there
Laid off in December, took three months but saw 4 offers materialize last week. Two in PE, one at a start up and one at a specialized boutique. Rough market but just keep pushing forward, enjoy severance and something will materialize.
What kind of firm were you coming from?
Mid tier BB coverage
if you were mid-tier BB, you left at the associate 3 level? isnt that hard to move to PE? wondering if the PE funds are your marquee UMM/MF names or you did off cycle
Very much off cycle LMM small shops
What strategy did you use to get interviews? I’m finding recruiters simply don’t care or follow up and LinkedIn doesn’t post these roles as much. Are you cold emailing?
Only going to get tougher and tougher for finance this year...
As someone recently laid off, this is depressing.
Keep it up man you'll find another seat. It's taking longer in this environment but there are roles out there. Job market slowly improving, too.
How are you landing these PE interviews? I too was laid off months ago and the only interviews I’ve had are with IBs that say I’m great but they can’t move forward because of hiring freezes. Recruiters have not helped on the PE front - genuinely curious how to best position myself for PE interviews even if at smaller funds with a lay off on my resume
Had interviews with 8 different firms. Split 5 / 3 between recruiters and LinkedIn / GoBuyside apps. All no name ~$100m shops. There were maybe 3 solid recruiting firms who actually helped and the rest were dog shit. Look up the well known and trusted firms for PE and either cold reach out or get an intro from anyone you know in PE. Every PE ASO who’s made the jump will know which firms. DO NOT USE PINPOINT / WATER ST
Did you disclose that you were laid off or operate under a “dont ask dont tell” policy?
Bump
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