Lazard LND cut first years? (last year in Nov)

Just a short one.

In another forum somebody claimed that LAZ fired some of their first year analysts in London last November. Is this true? Does somebody know about the details? I'm asking b/c I thought that boutiques like LAZ, RS, etc. are a pretty safe place to work for.

 

I can only speak for the US, but if they did, I doubt that it was related to headcount. They're hiring fairly aggressively.

London may be another story. Europe is facing continued dark times. Doesn't make sense to have more bankers in the pipeline.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 

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