McKinsey & Company Layoffs in investment banking are making me very nervous esp now that Goldman Sachs has announced that 8% of its workforce will be laid off.
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The layoff reaper is coming for you
Not dead - they were just laid off too
Chief
Breath easy young analyst. They’re just returning to an annual culling, nothing note worthy
I’m pretty sure I have seen over 20 of your FB posts…
🎉
No, with our current level of business not being as bad as expected, I feel confident that no layoffs are coming.
Chief
Goldman regularly axes 5% of the lowest performers. This year they’re doing 8%, not nothing, but also not something to worry a ton about.
Nothing to worry about at MBB, you're all good.
Expect it. The health of a consulting firm relies on the health of their clients.
For implementation maybe. Chaos is a ladder. We rely on change: market hot and growing? Clients need help capturing opportunity. Market contracting? Clients need help cutting cost.
Chief
We’re not rescinding any offers but expectations are definitely higher than a year ago
Rising Star
Bench mob can’t live forever. Firms gotta sell deals.
Don’t worry, your offer is safe