Houlihan Lokey Layoff

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.

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.

this HL notion was in that other thread too. please elaborate on "multiple sources" here. disinformation like this is super bad in times like these.

there's gotta be at least one dude on WSO that actually works at HL that can confirm/deny this firsthand

The sources are Current Analysts in the firm. Both in New York and Chicago

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.

I listened to their earnings call yesterday and they said the contrary, that they are actually trying to acquire more talent in this environment.

I'd be shocked if this happened. If anything, they're better off repurposing everyone into some RX capacity haha

I heard directly from someone in the Chicago office that they laid off ~25% of their food and bev group. Not sure about any other groups

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.