Who Determines Who's Laid Off -- HR, or MDs?
I would assume it's MDs; after all, that's who you work with/under all day.
But there was a comment earlier (might havethread) implying that HR determined who was cut, with MDs having little say/interaction about the decsion.
Is this actually possible, or a thing? Where HR just looks at who "scored" the worst in reviews (bottom bucket), and determines those are the analysts who get cut? Which seems weird bc it seems like you could technically get bottom bucket if you have one below-average experience with your deal team (one of two bankers) that took up the bulk of the year, despite the fact that you could actually could be well-regarded and liked by most of the team, including the MDs you didn't work with on that deal, but who like you, respect your work and like having you around.
So which is it? Or does it depend on the bank?