WTF is going on?? Impending recession and whispers of layoffs, but hours are still insane?
Why am I still working 90-100+ hour weeks and having my weekends blown up? Apparently deal flow is slowing down, clients are rethinking M&A and other strategic alternatives due to the looming recession, and there's already talk of layoffs at the more senior levels. Sure, some of my deals did fall through or get pushed to the backburner, but others have popped up to replace them. Anyone else experiencing this?
I’ve been incredibly busy of late
I had a pretty similar thought process not too long ago, here is the link to the thread I started. Posting the link to give those who responded credit for the explanation
Didn't you hear? The WH changed the definition of "recession". It's transitory. According to Joe, you'll be cranking 90-100hrs like it was the post-COVID rally.
Nothing better than grinding 100 hour weeks for most of this bonus cycle and getting hosed bc “recession + belt tightening”
RBC numbers weren’t encouraging
All a recession means is you spend more of your time doing pointless pitches ad infinitum rather than executing transactions. MD's will go hog wild on that shit - a lot of the time it means you end up working more.
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