“We’re told that Bearpont Morgan Chase is moving over a third (50/133) of its incoming IBD class over to the commercial bank. Apparently HR has been telling the demoted that their sentence will last one year, at which time they’ll (hopefully) be brought back over to IBD.”
-(Not Quite) Layoffs (But Considered By Some To Be [...]

Economy, Investment Banking Internships, Layoffs | 10 Comments »

Subject: Hey, do you have a minute? Either come to my office or we can meet in a conference room.

Uh oh.

Unless that email is coming from the co-worker you’ve been secretly dating or (one of) the secretaries you’re having an affair with, you’re probably going to be fired in the next 5-10 minutes if you see this subject line in your inbox.

Layoffs | 10 Comments »

The reality is no one knows what’s going on. Neither the CEOs of the companies, the Fed, nor any of the Managing Directors know what’s going to happen.

Will people be fired? Yes. But no one knows how many, who, or when, and anyone else saying otherwise is simply spreading false rumors.

Boutiques, Economy, Getting A Job, Investment Banking Internships, Recruiting | No Comments »