How are the tech layoffs + market affecting mbb hiring?

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Tech layoffs aside — the uncertain and worsening economic environment has ground experienced hiring to a near-halt, especially at A/C levels.

As for future intern classes and uni/mba hiring, no impact yet.

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Experienced hire is meant to augment campus hiring in times of high need and is just-in-time in nature (eg hire and start within 2-3 months vs. much longer campus cycle).

There’s a lot of people on beaches right now at MBB going into a likely worsening economic environment — less work and perhaps over staffed vs. projected demand. There’s no reason to be hiring additional people to start in 2-3 months if the capacity is not needed.

Normal hiring channels (school) not impacted. Lateral hiring is paused except for tech and other in demand skills.

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