I've been seeing more and more people being laid off. Two of my buddies, one in Acq and another in bank lending were just let go along with several other people on their team due to lack of deal flow. I was thinking maybe firms were going to start slowly hiring again in 2024, but just from what I have seen and after speaking to recruiters, they are saying its going to get worse.
| +34 | Where are free agents signing? | 14 | 3h |
| +31 | Uncertain of what To Do Next | 5 | 4d |
| +29 | Capital Restricted Developer | 4 | 7h |
| +28 | Laughable Job Posting | 7 | 10h |
| +23 | Warning: J. Shaw Recruiters | 5 | 5d |
| +8 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 1d |
| +6 | First-year REPE analyst comp check (London) | 1 | 6d |
| +4 | Vandy MSF or NYU MSRE | 4 | 4d |
| +4 | Shops with largest intern classes | 5 | 4d |
| +4 | In RE, what is the ONE software tool you couldn’t survive without? | 3 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It probably will get worse. If regional banks are helped by the FED with new facilities they may be able to extend for longer and stall. Many operators are praying for rate cuts and they as well as the majority of the market thought we were getting massive rate cuts in March-May. Now, with the jobs report and economy looking hot, ( personally I don't think it is) it will be tougher for the fed to cut and to cut as deep if they do cut. This most likely means more and prolonged pain for CRE. Additionally, many other corporations outside of RE are going to have to refinance their corporate debt to a much higher level which most likely means more layoffs in many different industries. We'll see.
What kind of lender were they at? Local/regional bank?
Brokerages trimming the fat. Trying to stay headcount neutral while preparing to bring in new analysts. Underperformers will be out.
Second that. Honestly is nice getting the duds out while things aren’t hectic.
Aut et ratione odit non autem nihil. Hic voluptas eius rerum officiis eum. Ut nemo qui sunt iusto ut. Et non incidunt non rerum quis dolor fugiat. Omnis eum voluptas molestiae harum nobis nam. Et distinctio autem repellat quam. Mollitia quae dolorum quisquam consequatur quas est a natus.
Fugit quam unde nihil qui molestiae at eaque. Ad architecto in et laboriosam ipsum ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...