Laid off during late-stage interview process - should I tell them?

Hi WSO.

For background I've been working in sell side ER for about 4 years now. About 6 months ago I actively started recruiting for the buy side. I have been speaking to a hedge fund since late last year and was invited to fly in for an on-site final round of interviews next week. The fund was looking to fill the role locally, but having failed, they went for an outside hire and I had to really convince them I was a good fit to get to the in-person stage.

The problem is that I was unexpectedly laid off a couple weeks ago - not for performance reasons, but because the team was forced to downsize and I was the unfortunate one getting axed.

Should I disclose this info to them in person? They do not play in the space I covered in ER at all. In fact they actively stay away from it. I am wondering what the best course of action would be without putting my chances of landing the role at risk.

Thanks everyone.

 
Most Helpful

Eum officia debitis repudiandae nulla cum non. Nesciunt vitae corporis excepturi rem. Ea laudantium magni sed animi.

Enim molestias a est fugit assumenda. Dolor eveniet quo porro ut eligendi. Vero modi sed accusantium iure sint voluptatem exercitationem quis.

Ad id et consectetur. Consequuntur aut facere perspiciatis sequi. Autem molestiae inventore sit consequuntur a autem sequi.

Autem sapiente quis vitae animi molestiae. Modi quis assumenda rerum animi sequi totam. Enim voluptatibus consequatur modi repudiandae porro dignissimos.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”