Houlihan Lokey Layoff

Heard from multiple sources that HL is laying off analysts in some of the groups firmwide. Can someone confirm this?
Would imagine that the M&A practice is taking a heavy hit over the past couple months
Any insight would be great

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Comments (17)

Most Helpful
May 13, 2020 - 7:01pm

I'd be shocked. They just announced Q4 earnings and revenues that topped expectations and have a restructuring practice that is intended to assist in riding out market volatility.

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May 13, 2020 - 7:15pm

Yup, probably one of the last firms I'd expect to cut. You don't cut analysts out of certain groups that aren't doing well when other groups are making up the slack, generally. You may cut a senior or two but things have to be pretty drastic to start laying off analysts who aren't poor performers.

May 13, 2020 - 7:29pm

I really doubt this is happening. Of all firms, HL is not one to be laying off its employees right now. The firm is still producing solid results and is well positioned to offset a decline in M&A activity with revenues from its strong restructuring practice. Agree with the previous comments, it's one of the last firms I'd expect to cut employees during these times.

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  • Works at Houlihan Lokey
May 14, 2020 - 12:27am

I work in the CF division of HL. I have not heard personally of any analysts in CF being laid off. Obviously there are many offices but I feel like I would have heard something through the grape vine.

The only MM I have heard of having layoffs to date is Cantor. I would like to think that given our strong FR group we should be okay.

About a month ago we were told that our bonuses would not be significantly impacted so I took that as a positive sign.

May 13, 2020 - 8:35pm

Well a quick online search shows that they have quite a few openings across their offices. Interesting to reconcile current openings and performance with your sources.

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May 14, 2020 - 12:37am

I believe this is true in this case. but I'm weary of banking postings since a lot of them are for visa compliance (I.e. fake)

May 13, 2020 - 9:45pm

HL is not going to layoff analysts. They pride themselves on the fact that in '08 they did not lay off a single CF analyst due to the uptick in FRG revenue. Probably the last firm on the street that needs to worry about market volatility in their business.

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  • Works at Houlihan Lokey
May 14, 2020 - 12:39pm

Associate performance reviews / bonuses recently happened. It could be a possibility that they let go of an under performer. But again, I have not heard personally of any analysts being let go. I would like to think that HL would be able to move an analyst to another group during a time like this rather than lay them off given that we are quite adaptable.

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