by meridith dennes | Sep 21, 2026 | Interviewing, Lateral Recruiting, Layoffs
The short answer Banks are still shrinking headcount, but mostly through performance-based cuts and other quiet tools, not classic reductions in force (RIFs). The two are different decisions. A RIF eliminates positions. A performance-based cut removes a person, and... 
by meridith dennes | Aug 1, 2026 | Layoffs
Wall Street just posted one of the best quarters in its history. Goldman Sachs had the best quarter in its 157-year existence. JPMorgan beat estimates by one of the widest margins in years. Trading and dealmaking revenue surged across every major bank. And yet, in... 
by meridith dennes | Jul 28, 2026 | Layoffs, News
Lazard just did something that’s easy to read the wrong way. Read as a standalone story, an 80-plus managing director reduction alongside a 91% drop in quarterly net income looks like trouble. Read in context — a record dealmaking market, a firm mid-turnaround,... 
by meridith dennes | Jul 28, 2026 | Lateral Recruiting, Layoffs
In investment banking, almost nobody leaves a seat cleanly. There’s a reorg, a desk gets consolidated, a staffing model changes, a relationship sours, or performance falls short of an increasingly moving bar. Whatever actually happened, what matters to the next... 
by meridith dennes | Mar 21, 2026 | Layoffs
Wall Street’s most storied investment bank is overhauling the way it manages its workforce — and the changes could ripple across the financial industry. Goldman Sachs, one of the most influential financial institutions on Wall Street, is preparing to launch a... 
by meridith dennes | Oct 15, 2025 | Interviewing, Lateral Recruiting, Layoffs, Summer Internships
Image Credit: NY Post The Paradox On Tuesday, Goldman Sachs posted results that most banks would celebrate without qualification: profit up 37% to $4.1 billion, revenue climbing 20% to $15.18 billion, investment banking fees surging 42%. The firm is on track for its...