How nervous is everyone about layoffs? As a first year, should I be worried?

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More often than not - the very junior employees and the very senior employees are safe during layoffs. The juniors are cheap labor, and the seniors have relationships, proprietary knowledge, or strong subject matter expertise. If you’re a first year and not completely terrible at your job, you’re probably safe.

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No

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Unless they close down a whole group/team/floor/office. We aren’t at 2008-09 levels though, so don’t lose sleep

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Depends. What division are you in? If you’re in IBD you don’t need to worry, there’s enough voluntary attrition that layoffs almost never happen. If you’re in IMD, Securities, FICC, or any Federation group then you should always be worried.

That said, first years are rarely subject to the layoffs. Unless you’re truly terrible, you pretty much get a free pass for the first year.

Abso-f*cking-lutely.

At Barclays I have seen first year asssociates laid off.

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