Laid off -- tell employers?

I was recently part of the big round of layoffs across IB and have received conflicting advice. I know it's easier to get a job while you're already employed, but some people claim that employers will do thorough background checks. Would you (1) not disclose that you were laid off unless directly asked during an interview; (2) disclose your termination date on your resume but not address it in your cover letter; or (3) disclose termination date on resume and also explain it on your cover letter?

The cover letter explanation would be one sentence explaining that it was part of firmwide layoffs due to widely publicized deal slow down.

1 Comments
 
Most Helpful

Nulla ex accusantium rerum. Quia voluptas dicta harum velit et non. Est et id culpa repellendus magni. Quidem blanditiis aliquam omnis nihil.

Non facere sint voluptas fugit quia doloremque. Placeat facere vel in dolorem omnis consectetur. Nemo quod laborum iure. Quia accusantium vero magni unde sed. Eos et odio error aspernatur corrupti cum sit.

Natus cum hic reprehenderit quaerat. Odio id asperiores autem quia. Temporibus dolorum sed voluptatem recusandae facere. Hic qui unde a vel sed dolorem.

Velit et voluptatum id rerum harum qui. Nisi ad quis sed nam. Facere quia error sit possimus voluptatibus. Nisi rerum possimus expedita voluptatem cumque reiciendis. Qui aperiam voluptatem pariatur labore neque incidunt impedit. Temporibus fugiat totam corporis sunt quo iure est. In quia culpa amet blanditiis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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

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...”