I love these tough guy / gal responses in lay off threads. The brutal "realists" touting that this is capitalism bro and telling people to "man up" about layoffs. When I went through 07-08 and banks first started laying off, there were similar tough guys spouting the same as if it was some new age scholarship. And then when they realized they too were not special and were going to be slayed as well, the tears started to flow. Let's just hope all you fans of capitalism take it just as well as you dish it out.

 

No. They only fired top analysts and kept the  bottom analysts, bc that’s makes a whole lot of strategic sense 🫦

 

Interned at one of the strongest group they have this past summer. Got a return but not going back.

It was so bad, 1/3 of interns weren't staffed on a live deal doing some bs work. Most of us went home before 7pm. AN/ASSO let alone senior people barely showed up in the office.

The incoming class was 50% bigger than us so can imagine how bad it would've been. Saw this coming from miles ahead.

 

Classic bad mgmt from the top. It is ironic that they are in banking for so long and did not see the music was about to end

 

Associates and analysts got hit the hardest. It went all the way up to MD but much lower % from VP to MD than for AN and ASO

 

I used to work there and they overhired. Big time. They grew every group, promoted lots of people, started new practice areas, opened new offices. They didn’t seem to stop until everyone else already knew the music was stopping.

Someone senior I know well left not too long ago and it was because he knew they were overextending themselves and it wasn’t going to end well.

 

Associate 2 in PE - LBOs

I used to work there and they overhired. Big time. They grew every group, promoted lots of people, started new practice areas, opened new offices. They didn't seem to stop until everyone else already knew the music was stopping.

Someone senior I know well left not too long ago and it was because he knew they were overextending themselves and it wasn't going to end well.

Unfortunately true.

 

Incoming FT. Pushed our start date back 3 months to October. Is this bad for potential recruiting? Feeling like I’ll be behind