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Likelihood of being laid off?
Hi I’m a 3rd year analyst at a BB bank in S&T and received a fairly average rating in my annual review this year (probably a bit below average but not necessarily bad). I’m slightly concerned that if my bank decides to start letting people go this year that my name might be on the list. Is my...
2023 Redundancy Packages
Hi all, Hope you're heading towards a great year ahead, unfortunately I was let go at my firm recently. All in all not too bad for myself as I received 6 months worth of pay at a tier 3 international bank in London. In case you're fired, what does your package look like?
PE Implications of Getting Fired as an IB Analyst
Sort of a unique situation perhaps...I might be getting fired, but I have a signed offer for a PE firm. If I do get fired: 1) Does it matter if they find out? For instance, would they rescind my offer over that? 2) What kind of jobs should I get in the meantime? It would be a while until I start at...
Severance Pay
Given recent layoffs what does the typical severance package look like for Associates and VPs? Curious to know specifically for Canada or UK if anyone has that info.
Layoff Updates
Posting here because it’s the most active board. Seems like the wave of layoffs is coming. Already word out there, at least in my circle and some news reports, about CS, RBC and MS. Apparently there are also a number of boutiques that are pulling the reins on cost. Feels like only a matter of time...
Fired from internship without cause
Started the 8th week of a 12-week remote winter/spring corporate finance internship at a global tech-enabled healthcare services firm. It was a neat internship, because I scheduled time around classes to work on reports, models, etc. It was decent experience, and I was paid hourly ($12). Work was...
Difficult Choices and bad situation - Plz help (Time sensitive) !
Hey All - I was recently pushed out and asked to leave by my old firm but luckily have offers for various places - unsure whether to come clean
how to handle a difficult situation
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What happens when your MD gets fired?
I am curious as to any insights or stories people may have about senior leadership turnover. What happens in the next few months? How does the group dynamic change? Does group attrition increase? Did you still have a job? What happens to current deals and deal flow - do Directors and VP step up?
Corona Virus Lay Offs - Investment Banking
Has anyone heard of any virus related layoffs on the street? A buddy of mine got laid off as a 3rd year analyst and I told him that it was just because his excel skills are a$$ and not because of 'rona. LOL Let me know if you or any of your friends have gotten axed recently. Best, 3rd yr boutique IB...
Laid Off Due to COVID-19
I was laid off due to deal flow crashing due to COVID-19. I'm a TMT Associate with 3 years of experience at a top BB and about 7 months at a specialty boutique. How f'd am I? Will firms be understanding of people having gaps on their resume due to COVID cuts?
Layoff Question
Was recently laid off as an Investment Banking Associate before receiving a year-end bonus. It's a boutique firm and the company had a good year (i.e. no need for layoffs). They claimed performance was the issue, but they did not provide any performance review or feedback all year. I was not fired...
What if you're fired as an Analyst?
I am currently anxious that I will either be let go or pushed out come promotion time due to my firms "up or out" culture and the team being overstaffed with Associates. Is being fired / pushed out at the Analyst level a death sentence in the industry? Should I begin looking to lateral now? Any...
On Being Pushed Out
Hi WSO - been lurking for a while and wanted to share my experience of being pushed out. It’s been about two years ago and when I was going through everything, I didn’t see much coverage on here and I wanted to give back. TLDR: worked hard as analyst; thrown under the bus on a project and pushed...
Let go as a 1st year IB analyst; 8 weeks to find a new job
I just completed my first year at a small investment bank and was recently told that I have about two months to find a new job. Due to special circumstances, the firm was willing to help me out and will continue to say that I am employed at the firm for the next two months. What do you all recommend...
I was fired today, don't know what to do....
I've been working for a year at a large investment bank as an analyst in M&A . I was fired today after an argument with my associate that happened a couple of days ago. I'm still in absolute shock right now. I'm no longer interested in work in investment banking or finance after this experience. I...
Fired from Goldman, now I have an interview
Hi All! So, long story short, I was fired from Goldman a couple years ago. It was my first job out of college, I was immature and I got caught in a stupid white lie. Nothing that would effect clients or bottom line or anything like that- basically I said I'd be in office, but I worked from home when...
Reasons for getting fired (besides poor performance)?
I hear a lot about people getting fired from IB after all the time they spent to get into it and I was wondering if you're in your early to mid-30s and you're still an associate will they lay you off to get younger people to replace you? If you don't move up in your bank because you aren't getting...
5 years ago, I was fired from Oliver Wyman. This is what I learned from it.
Five years almost to the date, I was fired from Oliver Wyman (after 11 months at the firm, straight out of ugrad). This is when I'd walked into the year-end review genuinely thinking I'd be told I was promoted. There are a few words one never forgets, and the sentence that'll stick with me forever...
Screwed - FCA registration. What should I do?
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Hair Follicle Drug Testing Coming To A Bank Near You!
Sorry everyone. My apologies. I never truly appreciated how much of a trigger HR was for you guys. How did it get so bad? Is it the fact that we get to leave the office at the civilian hour of 5pm? Or perhaps you’ve just been rejected by HR hotties so many times your disappointment has manifested...
Will I Get Fired?
Hey guys, I got myself stuck in a dilemma the other day at work. I have been interning at a boutique bank for the past month and a half and I have this playful borderline flirtatious relationship with my married co-worker. Yesterday, in an attempt to mess around with her I decided to hide behind a...
Mizuho canned analysts
I heard Mizuho fired some analysts recently. Never heard of a bank that did that especially in NYC . Can anyone confirm?
Fired for Falling Asleep at Work
I'm a senior Finance major. My first internship was in audit and went well. After that, I got an internship in real estate development and was really liking it. But I haven't been sleeping much between school, work, and other obligations. I fell asleep at my desk and the accountant girl walked in,...
I just got fired.
I used to work for a small finance firm in Philly and on the 1st day of work this year, I was fired. They gave me BS reasons, but I suspect it was because my boss did not like me. I worked there for 8 months. I am 25, young, hungry, hard working, and all the other good superlatives, and I could use...
Terminated While Interviewing Elsewhere
I was let go from my job last week, terminated without cause if that helps. I had another thread going, but basically my boss and I didn't see eye to eye with one another and he knew I didn't want to be in the industry for the rest of my life. He called it "a mutually parting"...I guess it helps him...
The First 3 Things You Should Do if You’re Part of The Layoffs
For many people 2013 is shaping up to be a tough year. Wall Street banks will lay off nearly 200,000 people. Bank of America will terminate 30,000 employees under its expense cutting program “New BAC”, while Citigroup has plans to lay off 4,500 workers. At Barclay’s the plan is to let 3,000...
30 Day Termination Notice
Hey Guys, I saw the other "asked to resign" thread and figured I would post my own story. I've been working for an m&a boutique on the west coast for the past year and was just told that I have thirty days until I am being let go. It's a difficult role and my performance hasn't met the lofty...
Girlfriend let go during probation period, what to do?
Girlfriend was let go 2 months into her 3 month probation period. Not going to get all into the details but it was more of her not getting along with them more than performance. This is not for finance. Should she list it on her resume? It was 2 months almost exactly and she has experience outside...
2011 Layoffs Recap
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 in the door for work, cuts have been especially...
Figuring out who got fired?
Sometimes I would send an e-mail to an alum (to their work e-mail), and then receive a delivery failure notification. However, I'm pretty sure I got the e-mail right. My guess is that the person I'm trying to contact no longer works there. When you look at LinkedIn, how do you figure out if the...
So Citi bankers hate curves?
No, not the kind you plot in axes. Apparently Citi fired a young woman named Debrahlee Lorenzana, who is filing a lawsuit because she says they fired her coz she's too hot. Apparently, Lorenzana was told "she should not wear classic high-heeled business shoes, as this purportedly drew attention to...
Failed Traders - Where Do They Go?
Of course, we all hear about the Andrew Halls, the John Paulsons, and the guys with apartments on Central Park West, But what happens to failed traders? I imagine that (especially in this recession) there were many traders that lost money and got laid off. In addition, many derivative contracts have...
Fired grad
After a few month having a very difficult relationship with my line manager I've reached a point where I'm no longer putting up with shit and leaving everyday by 9pm regardless of whether there is still work to be done. As a result, I'm pretty sure they will point me to the door sooner than later....
Quit or be fired?
I consider myself extremely thick skinned. I can take a lot of beating, but this guy is getting ridiculous. I am not happy here and I am looking for any chance to leave for something else. I wanted to last at least a year. I have only been here 6 months. If it comes down to it, what is better-...
getting fired for not doing shit
so i was just wondering. How far would you have to go to get fired form an investment banking job ? I mean say your an analyst, and you dont completely fuck around but you still just coast. Im talking about just laeving early whenever you can, handing in mediocare work ? Why would this effect you....
Stick a fork in him, Lewis is Done.
BofA 's Lewis is out like a fat girl in a bikini contest: http://dealbook.blogs.nytimes.com/2009/02/02/unha… http://dealbook.blogs.nytimes.com/2009/02/02/anot…- merrill -deal/
Does this get you fired? Macquarie employee caught browsing...
Does this get you fired? Macquarie employee caught in the background looking at some chicas
Options Trading for the newly Unemployed
If you have found yourself in the seemingly unenviable ranks of the unemployed...think again. While we are all looking for jobs, we are really looking to make money. Period. I am looking for a few good men (or women) to join me in an informal options trading group. My thought is that putting enough...
Monitor cuts 20% of work force.
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 crunch as well. Anyone know more about how consulting...
I've been fired - what do I do?
All, Require some help/suggestions on my next course of action. As the topic header indicates, I've been fired from my current firm - I was an Analyst, with around 8 months of experience. My background: I went to Reading University in the UK (I'm UK based), had a decent B grade marksheet and did...
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