What happens when deal flows slow?
What's going to happen to all these salary increases when deal flows start to slow? Layoffs will probably start to happen, but are salary cuts also on the table? Curious as to what happened in the last couple of cycles.
Rx boys get juiced up
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Sleep more than 5 hours a night
Salaries do not get cut
bonuses go to shit
2009 threads around here had stories with guys getting $10k bonuses as top bucket or sign they were going to be kept vs. most of the team getting fired
If you’re an analyst or even associate you’re fine. It’s the VPs who get put on the chopping block
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