Anyone nervous about PE jobs getting rescinded given the economy?
I know I’m probably being irrational but is anyone nervous that offers will start getting pulled? Deal flow is way down so I assume the headcount needs are lower, I’m sure PE firms are buckling down for the coming years, and so on.
I also know that the associate class for 2024 (I’m starting 2023) is about 60% of the size of my 2023 class at my firm, which feels like a red flag the firm knows it over hired.
For context, I’m at a borderline MM/UMM, solid brand but recent performance a bit lackluster (fund size has stayed mostly flat vs growing over past few funds).
Is this a ridiculous fear? Anyone heard any murmurs of incoming associates getting cut?
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