Explaining Lay-off

I was recently laid off - I worked in corporate finance within a very well respected private oil company that is prepping for doomsday. I've started putting some feelers out there and will def. get some opportunities (or at least a chance to show my face and have an informal interview) as a result of the brand name of where I worked, just need to deal with the lay-off.

How do interviewers generally deal with layoffs? I know if I was sitting on the other end of the table, I'd want to know why you were laid off and would want a damn good reason, unless the company got rid of everyone....and frankly I would personally prob. write this person off...

Truth is I'd been a bit disgruntled for a while and was very open with boss about this (pay, advancement, etc.) and had a tragedy in the family that pulled my attention about 6 months prior to this

I imagine the best tactic is to just blame it on the downturn in oil and move on? I know getting deep into a full explanation is def. not the way to go and will sound negative / like an excuse.

Any thoughts or past experiences would be much appreciated.

1 Comments
 
Best Response

Ut labore quasi corporis sapiente voluptatem amet. Nulla et ut qui ut harum. Nisi sed reiciendis repudiandae eos.

Repudiandae sed architecto similique itaque consequatur voluptatum eum. Quia ab quae qui omnis ab quibusdam vel. Voluptatum rerum placeat odit eos nihil sed. Fugit eveniet enim aliquam mollitia ut illo.

Eum quia porro magnam. Explicabo officia a aut id voluptates itaque in. Aut laborum harum nisi quibusdam consectetur. Nesciunt illo nisi ratione corrupti et.

Voluptas aliquam laboriosam facere eaque est possimus. Porro eos ducimus illo. Ut provident beatae voluptas consectetur. Expedita aut minima consequuntur quos.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (45) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”