Comments (86)

  • Analyst 1 in IB - Gen
2d 

Following. Were any bonuses paid out?

  • Intern in IB - Gen
2d 

No, zero severance & full team layoffs. It's a bloodbath. 

image-20230731161916-6

  • 2
  • 7
2d 
NoName99, what's your opinion? Comment below:

Following

  • Analyst 2 in IB - Gen
2d 

On 6th floor, currently ppl are being called into GH's office one by one (COO left already so GH and HR are holding the conversation).

  • 1
  • Analyst 2 in IB - Gen
2d 

No she left to another bank two weeks ago

  • Analyst 2 in IB - Gen
2d 

Haven't been to 7th fl today so I don't know. Some of us aren't in today as well so I'm guessing they would just get called?

  • Prospect in IB - Gen
2d 

Absolute bloodbath on the 6th floor

  • Analyst 1 in IB - Gen
2d 

Prospect in IB - Gen:

Absolute bloodbath on the 6th floor

What group on the 6th?

  • Analyst 2 in IB-M&A
2d 

Seeing ppl leaving the bldg with boxes. What a scene

2d 
K5JbYq3Zg2MvXw4L8HpR7TsE6FnU1DcO0AaSbWxPdQzCfGjViNhTmLoIrY, what's your opinion? Comment below:

I think this comment is the most blatant example of the FT HR wso irony laundering scheme. They just plaster these shitty fucking comments over threads with zero contextual awareness and tell their FT goon squad to SB them in the hopes that either some prospects can't tell the irony or people who can still have more general awareness of FT

2d 
SevenSlurpie, what's your opinion? Comment below:

Least obvious non-ftp (140k base btw) employee

  • 2
  • Analyst 1 in IB - Gen
2d 

What's going on

2d 
Wacc Me Off, what's your opinion? Comment below:

CS juniors getting absolutely HAZED rn

  • Analyst 1 in IB - Gen
2d 

Details?

  • Intern in IB-M&A
2d 

Holy fuck this is terrible. We're all gonna die, everyone cover your balls!

  • 1
  • 5
1d 
Wacc Me Off, what's your opinion? Comment below:

Layoffs over 9,000, zero severance. Cover your balls. 

image-20230731161651-4

  • Analyst 1 in IB - Gen
2d 

What's happening

Most Helpful
2d 
StudentLoansAreLeverage, what's your opinion? Comment below:

Layoffs so far below - will update

ECM: whole group axed except key people

M&A - 1 DIR 2 VP 2 ASO 1 ANL

Retail - 1 DIR 1 ASO

GIG - 1 DIR 2 ASO

NY Tech - 1 DIR 2 ASO

SF Tech - 5 MD / DIR / VP (unconfirmed)

Whole Houston office / NY Energy team gone

RE: Apparently shredded per below comments (unconfirmed)

Severance terms:

3 months pay through Nov 1 + deferred bonus paid out as scheduled + PTO days + 4 weeks per year of service of additional pay as a lump sum in addition to the 3 months pay

  • 21
  • Analyst 1 in IB - Cov
2d 

No analysts outside of energy??

  • 1
  • Associate 1 in IB-M&A
2d 

That number matches to what I heard internally. Also heard the entire ANL wiped from ECM

  • 1
  • Analyst 1 in IB-M&A
2d 

Any updates on FSG?

  • VP in IB-M&A
1d 

Gone, all of them. Zero severance. 

image-20230731161651-4

  • 1
  • 2
  • Associate 1 in IB - Cov
2d 

/

  • Associate 1 in IB-M&A
2d 

Wouldnt put weight on the comment about RE - two people from M&A moved IN to the group as part of this massacre today

1d 
highball, what's your opinion? Comment below:

Real estate has been gutted for weeks, they had only 4 people left at the end of the internship so assuming everyone's gone.

  • VP in RE - Comm
2d 

What about RE group?

  • Associate 1 in IB - Gen
2d 

Deeply, deeply cut

image-20230731161651-4

  • 1
  • 2
  • Analyst 2 in IB - Gen
2d 

Heard entire group is gone. MD is looking to jump ship to Goldman/JPM/BofA. They don't need them at UBS. 

  • Analyst 2 in IB - Gen
2d 

Holy fuck, I can't breathe. Only junior person in my group not cut. Joining 1 MD and 1 D of my group at UBS. 

Some groups / tenures not getting severance. 

  • 2
Controversial
  • VP in IB - Gen
2d 

Any Credit Suisse employee who didn't get laid off today and thinks they actually made it out unscathed and wont get laid off next week or the week after...

Head up ass

  • 7
  • 5
  • Intern in IB - Gen
2d 

They're all gone

image-20230731161618-1

  • 1
  • 9
  • Analyst 1 in IB - Cov
2d 

Anyone know about SF?

  • Intern in IB - Gen
2d 

100% layoffs 

image-20230731161628-2

  • 1
  • 8
  • Associate 1 in IB - Cov
2d 

entire HC team is gone Tech TBD

  • 2
  • Analyst 2 in IB - Gen
2d 

No one in HC and FIG got laid off today. GH of HC is now co head of banking so he might protect his people. FIG, I don't know too much about but when I go to their side, it is always empty. They had an exodus a few months ago where several MDs just walked out.

  • 2
  • Analyst 2 in IB - Gen
2d 

From the bank side or the insurance side?

  • Analyst 2 in IB - Gen
2d 

From the bank side or the insurance side?

  • Analyst 2 in IB - Gen
2d 

Anonymous Monkey:

No one in HC and FIG got laid off today. GH of HC is now co head of banking so he might protect his people. FIG, I don't know too much about but when I go to their side, it is always empty. They had an exodus a few months ago where several MDs just walked out.

FIG everyone works from home but 3 associates at minimum are gone. 

Which side of FIG? The Fintech side or the insurance side?

  • 1
  • Associate 1 in IB - Cov
1d 

entire HC at SF is gone

  • 1
  • 1
  • VP in IB-M&A
1d 

Nah, FIG is 100% gone 

image-20230731161651-4

  • 4
  • Analyst 1 in IB-M&A
2d 

What happened to FSG

  • Managing Director in IB-M&A
2d 

Vince Mcmahon You Re Fired GIFs | Tenor

  • 2
  • Managing Director in IB-M&A
2d 

.

  • Analyst 1 in IB-M&A
2d 

RIP selby jennings inbox

  • 5
  • Associate 2 in IB - Cov
2d 

Dang post mba vp1 with 4 years stand to walk away with like 200k under these severance terms (7 months pay plus some deferred comp they get paid per that years schedule).

If you can secure a job soon you stand to make a lot in 12 months timeframe.   Getting laid off is paradise?

  • 2
1d 
high hopes, what's your opinion? Comment below:

Dang post mba vp1 with 4 years stand to walk away with like 200k under these severance terms (7 months pay plus some deferred comp they get paid per that years schedule).

If you can secure a job soon you stand to make a lot in 12 months timeframe.   Getting laid off is paradise?

VP and up market for laterals is absolutely brutal right now. Not worth it - the smart CS people all have left on their own if they could

  • 1
1d 
Credit SHEESH, what's your opinion? Comment below:
[Comment removed by mod team]
  • VP in S&T - Other
1d 

Can confirm. We all got nixed. The entire floor is planning revenge, or at least I am with some of my juniors. When it rains, it pours. And for CumScum and UBS, it's going to flood. 

  • 1
1d 
Credit SHEESH, what's your opinion? Comment below:
[Comment removed by mod team]
1d 
spotted, what's your opinion? Comment below:

Does anyone have news about SUB? 

  • Associate 1 in IB-M&A
1d 

Few networking and "intro chat" meetings being put on books by UBS email addresses, I assume HR. Draft season?

  • Associate 2 in IB - Restr
1d 

integration moving very fast, been hearing ubs bankers will be moving to cs offices soon. Anyone from ubs can confirm timeline?

22h 
tellmehowtoplay, what's your opinion? Comment below:

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Array
  • Analyst 2 in IB - Gen
15h 

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  • Associate 1 in IB-M&A
14h 

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  • Analyst 1 in IB - Gen
14h 

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