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  2. BB to EB 1st year lateral

    Investment Banking

    This discussion is no longer open. Thanks for the advice and thoughts. Best wishes to all. (Mandatory character count filled) bb lateral eb banking laterals 1st year analyst bank layoffs layoffs No Yes 315359 309694 394346 80801 403348 ...

    15 comments14 Oct 2019 -

  3. Goldman Layoffs

    Investment Banking

    Anyone here feel any of this? Article says layoffs were at higher levels VP+ and affected M&A, ECM, and DCM. From Yahoo: Goldman Sachs said to cut dozens of investment banking jobs Goldman Sachs Group Inc. cut investment banking jobs in the last few w ...

    34 comments5 Jun 2016 -

  4. And BofA joins the fun

    Investment Banking

    *BANK OF AMERICA TO CUT 30,000 TO 35,000 POSITIONS let the good times roll layoffs Salary ...

    28 comments12 Apr 2019 -

  5. What's your backup plan?

    Other Industries

    There's an article on CNN today that talks about creative things you can do when you find out you're no longer going to be gainfully employed, and aside from the bullshit stuff about "mourning" the loss of your job, and learning a new ...

    105 comments15 Dec 2008 -

  6. As an Oil and Gas professional, Fridays are both a curse and a blessing depending on whether or not I have a job at the end of the day. Since the price of oil has been on a perpetual decline and showing no signs of a recovery, thousands of employees have ...

    24 comments21 Feb 2017 -

  7. Hi guys, As many of you may know, Credit Suisse 's CEO Brady Dougan is being replaced by Tidjane Thiam in June, and many analysts are speculating that Thiam will downsize the securities and investment banking arms by as much as 3,000 positions in 201 ...

    31 comments11 Mar 2015 -

  8. Sorry guys, I hate to be the bearer of bad news but it seems that the job cuts Eddie talked about a few weeks ago won't be ending anytime soon. In fact, things might get downright ugly. With rising costs and diminishing earnings, thousands of jobs ar ...

    22 comments14 Jun 2016 -

  9. Using a burner account here. I was laid off at the beginning of August. I went to a semi-target, graduated in 2016, and had networked into my TS Valuation role. I started this role in September of 2017. I passed the first two CFA exams and took Level 3 th ...

    13 comments11 Sep 2018 -

  10. Given the need for banks to clench up that sphincter tighter than normal this year, most big holiday office parties have been axed. Business Sheet put together a delightful slideshow of some of the most lavish displays of corporate opulence from the past ...

    43 comments10 Dec 2008 -

  11. How the heck does one make millions off of investing in a company that goes bankrupt and/or gets shut down? How do the lenders get paid back, how do the numbers work? Ideally I'd like to see a model but that's obviously a bit much to ask. Anothe ...

    26 comments12 Jan 2012 -

  12. Layoff Watch

    Investment Banking

    Well this is pretty bad. Via DB.. Over 30 IBD analysts cut at UBS in New York today. 2 days before bonus announcements... Here is the link. Apply to Top Wall St. Jobs UBS layoffs Analyst IBD ...

    23 comments15 Feb 2013 -

  13. Macquarie Layoffs

    Investment Banking

    Over the past few months Macquarie has pretty much massacred its 1st and 2nd year analyst classes as well as people up and down the ladder. Historically, Macquarie has made a name for itself in the infrastructure and private equity investing space. Howeve ...

    29 comments15 Apr 2009 -

  14. If there is one caricature I hate representing, it's the Grinch. So for my own sake, I better get this out before Christmas comes around- this was an extremely rough year for Wall Street. Amid bankers having to deal hoards of protestors just to get i ...

    16 comments16 Dec 2011 -

  15. http://www.bloomberg.com/news/2010-09-27/morgan-st... At least they're not having layoffs like BOA/ BAML, Barcap, CS etc... IB layoffs Morgan Stanley IBD Banking MS Interview ...

    24 comments27 Sep 2010 -

  16. "What's that? Uh...layoffs?! Don't talk about-- layoffs? You kidding me? Layoffs? I just hope we can win a game!"-Coach Mora I was curious as to whether you guys heard anything, either truth or speculation, about potential layoffs in p ...

    26 comments6 Dec 2008 -

  17. Oh, major burn here for first year Goldman people. Last week GS let go 3,000 employees, but now it's 'say hello to the back office ' for first years. http://clusterstock.alleyinsider.com/2008/11/goldm... Can anyone confirm this? If it happe ...

    17 comments20 Nov 2008 -

  18. BarLehs layoffs?

    Investment Banking

    Dealbreaker is reporting layoffs. Can someone spill the specifics? Lehman layoffs Barclays ...

    17 comments7 Oct 2008 -

  19. Keeping up with unemployment is a bitch, but somehow, everybody seems to have their own way of handling it. Take Iceland for instance, after letting their banks fail, they devalued the Krona, slapped on harsh capital controls, and saw their unemployment r ...

    11 comments17 Jun 2012 -

  20. Seeing a friend's FB status earlier today that said something like "officially my last day at goldman. it's been a good run new york. shit happens. i'm out" has officially made him the last friend I knew from the class of 2010 who ...

    14 comments30 Jun 2012 -

  21. Eddie Braverman's blog PREVIOUS EPISODES: NSFW Episode 9: Bonuses, Facebook, National Debt NSFW Episode 8: The Christmas Special NSFW Episode 7: All-Nighters, Bush Tax Cuts, Crash JP Morgan NSFW Episode 6: Burnout, Bailing Out Europe, Wikileaks NSFW ...

    10 comments17 Jan 2011 -

  22. Revoked Offers

    Investment Banking

    Why has there been no talk of offers potentially being revoked for people who did internships this summer who were offered (and accepted jobs) on the street. I would assume offers will be revoked. Is there any reason to believe a lot of offers will not be ...

    12 comments23 Oct 2008 -

  23. From DealBreaker today: http://dealbreaker.com/2012/07/layoffs-watch-12-de... Is this a one time thing or just the beginning of a series of layoffs? Anyone industry veterans know how this is gonna impact SA recruiting/offer rate for next year? layoffs Deu ...

    9 comments15 Jun 2016 -

  24. Hi guys, I'm in a bit of a weird situation and I'm wondering how others in my position have or are dealing with it. I was hired as a S & T analyst at a BB in 2007. I worked there for a year, and although I survived the layoffs, I had to take ...

    9 comments9 Sep 2009 -

  25. How is your firm doing?

    Asset Management

    I work at a active management FI heavy Asset Management firm and things are looking pretty bad. Based on the email updates that have been going out across the firm. I think things may get worse even if the economy isn't slowing down. Even if the mark ...

    7 comments16 Feb 2016 -

  26. You Might be getting canned.

    Other Industries

    There's no question that everyone on Wall Street and elsewhere is feeling nervous about the future of their careers with the economy in the nosedive that it's been in over the past few months. Now apparently companies are coming up with new, cre ...

    9 comments11 Nov 2008 -

  27. http://finance.yahoo.com/news/Get-Ready-For-The-Fi... "We're easily going to cut a quarter to a half of our traders and back office in fixed income. Everyone else is going to do it too," he says. layoffs rumors ...

    9 comments27 Sep 2010 -

  28. We've all heard the LIFO theory in finance when it comes to layoffs. Last in first out. Does this really have merit? Do you know what management looks for when considering cost cutting initiatives? What's the pecking order in terms of savings- b ...

    8 comments4 Aug 2011 -

  29. According to Dealbreaker, layoffs are planned tomorrow at Goldman, MS, and BofA with possibly JPM following suit soon. Abovethelaw has announced that Latham (V10 firm) is shedding some 70-100 associates, including FIRST YEARS (from what I understand, a bi ...

    8 comments26 Feb 2009 -

  30. Although there currently exists no universal list of layoffs, it would make things a whole lot easier if there was. In my own warped imagination it appears that we have reached the 'C's on our list today with big layoffs at Credit Suisse and eve ...

    7 comments4 Dec 2008 -

  31. Guys- With all the news of very down quarters, diminished deal-flows, and possible layoffs around the corner-- does anyone already working know what we should expect? For those of us joining as first-years next September... what are some ways to hedge our ...

    7 comments27 Sep 2010 -

  32. Bloodbath at BofA-ML Today?

    Investment Banking

    Supposedly today analysts and associates are being massacred across IBD. Anyone have any insight as to the percentage across groups? layoffs Salary ...

    7 comments3 Mar 2009 -

  33. BlackRock Offer and Layoffs

    Asset Management

    I have a full-time Analyst offer from BlackRock, but now I'm worried since they just announced job cuts. Do you think I should be concerned about this? I also have an offer from a suisse bank which I haven't rejected. Do you think I should consi ...

    7 comments18 Nov 2008 -

  34. With the recent job cuts announced at the above mentioned banks, is anyone on WSO over here aware whether these job cuts are affecting junior bankers too (analysts or associates) for instance, or are they being targeted at the big dogs? Thanks ladies & ...

    6 comments27 Mar 2014 -

  35. I'm not asking what a layoff is but how soon till you find out your in the group to get axed. Ex. Bank XYZ says they will layoff ~1000 ppl in IB. How long does it take for a person or specific group to find out they are on the chopping block? Most fi ...

    5 comments15 May 2013 -

  36. So, I feel bad that 550 people from the New York Times are now jobless, but it seems to have given a boost to the company's stock price, which was up almost 2% this morning. The reason given for the cut is that sales of the newspaper have steadily be ...

    4 comments8 Sep 2008 -

  37. According to dealbreaker, Credit Suisse 's prop group lost $2 billion in 2009, and are planning on laying off 30% of the group. No idea whether it's true or not. layoffs Prop trading credit suisse Salary ...

    4 comments20 Jul 2010 -

  38. scary... http://www.businessweek.com/news/2010-07-06/schonf... http://twittercounter.com/tweet/ODUxNDUzNA ...

    4 comments6 Jul 2010 -

  39. Fellow Monkeys, I've had a tumultuous start to my career. Prior to graduation at my non-target (3.8 GPA and it does have a top 25 undergraduate Business School) I was a Summer Analyst in DB 's Global Markets program 2007. However, I did not rece ...

    4 comments2 Dec 2009 -

  40. Layoff News

    Management Consulting

    Just thought it would be nice to have a thread that includes any firms and/or locations that have had layoffs recently. So if you've heard of any layoffs from MBB, other management consulting firms, econ consulting firms, etc., post them here! I know ...

    4 comments26 Mar 2009 -

  41. Energy Market

    Investment Banking

    Anyone hearing rumblings about IB layoffs in Houston offices of their firms? Market looks pretty ugly down there. layoffs ...

    3 comments6 Sep 2015 -

  42. The Thanksgiving holiday is over and, now it's time to get back to work. First order of business? Laying off all those WaMu employees who actually thought they would become a part of the JP Morgan Chase family. LA Times has the full story- http://www ...

    3 comments1 Dec 2008 -

  43. this true that there are layoffs? layoffs Salary ...

    2 comments11 Oct 2011 -

  44. Monitor cuts 20% of work force.

    Management Consulting

    I just heard that management consultancy monitor cut 20% of its workforce and closed several business units. The entire LA and San Francisco offices are probably wipedin a round of "rightsizing". I assume other consultancies must be feeling the ...

    2 comments8 Sep 2008 -

  45. Bank of America- Layoffs

    Investment Banking

    Hi, Newbie chimp here- I came across a post on blind about Layoffs reported in Bank of America on a website called 6figr But this seems to be only for California now, I was wondering is there a place to find something similar for the East Coast jobs? Than ...

    1 comment25 Jan 2019 -

  46. Won't name as i heard it through the grape vine, its not a BB but certainly large by european standards. Yikes. I say, yikes, from a prop shop thats doing ok, i couldn't give a damn about dem suits. layoffs ...

    13 Dec 2012 -

  47. I was a sophomore SA at a BB this past summer, and am returning there again for this coming summer. I'm trying to get in contact with a past co-worker in my group for coffee, but my emails are getting bounced back. I spoke to him just last month, so ...

    1 comment30 Jan 2012 -

  48. Looks like these Wall Street Pink Slip Parties are becoming a monthly event. Apparently this one had 30 recruiters and tons of cheap drinks in attendance. Did anyone go last night or hit up the first one last month? http://www.wallstreetpinkslip.com/ I� ...

    11 Dec 2008 -

  49. Congrats to Joshua Persky, the out of work banker who strapped on a sandwich board and marched around NYC handing out resumes. All your hard work has finally paid off. Persky was recently hired at Weiser LLP, an accounting firm. http://dealbook.blogs.nyti ...

    1 comment9 Dec 2008 -

  50. How To Sue For Your Job/Bonus

    Investment Banking

    Sure, Wall Street is getting a bad rap right now. AIG is cowering in fear that any modicum of spending will be perceived as another opulent bailout-wasting extravaganza. But just cuz those suckers are under the gun doesn't mean you guys should throw ...

    1 comment18 Nov 2008 -

  51. http://www.ft.com/cms/s/0/bbc05b5a-ca8b-11df-a860-... Our turn... layoffs Salary ...

    1 comment27 Sep 2010 -