E245: Barclays Layoffs - High School - Resume Gaps | Weekly Wrapup
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 23 April 2023
⏱️ 21 minutes
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| 0:00.0 | Welcome to the WSO weekly wrap-up, where I talk with my team about the five most |
| 0:10.0 | trending discussions in the Wall Street Oasis community. Enjoy. All right, everybody, sorry |
| 0:15.7 | about the week off last week. It is April 20th. It is almost 10 a.m. Pacific. Matt, what's going on today for the for the |
| 0:24.8 | hot topics in the forums? Hot topics. Not a shocker here, Pat. We have another round of |
| 0:29.9 | playoffs happening this week. Barclays is what we're hearing so far about 100 layoffs in their |
| 0:35.2 | investment banking division. So it looks like negative news |
| 0:38.1 | is continuing even with the week off. We thought things maybe might change in a few weeks, |
| 0:42.2 | but it looks like steady as she goes. It's actually interesting. I don't know if you remember |
| 0:45.8 | this. Barclays did do some layoffs even last year in 2022. So, you know, |
| 0:50.8 | seen a further deepening of cuts there is a little bit worrisome. |
| 0:54.9 | But I mean, this was just for IB. |
| 0:57.1 | This was just right. |
| 0:58.1 | We know deal flow has been very, very low compared to last year and even lower than |
| 1:02.9 | obviously 2021 was a blowout year. |
| 1:04.6 | 2022 was a massive drop in 2023 has been even weaker from what we're seeing. |
| 1:08.9 | But, um, yeah, a hundred, a hundred people getting laid off in the IB division alone is scary for those out there. |
| 1:15.9 | We haven't seen too much chatter about it on the forums. |
| 1:18.9 | A few people have been like, hey, what have you heard? |
| 1:20.5 | But not too many people coming out talking about geography yet. |
| 1:23.5 | If we do hear more about that, we'll post an update here on the show notes. |
| 1:28.9 | Yeah, I'm sure I'll eventually come to the forums. It always does. So we'll keep an eye out there and an update next week. |
| 1:34.4 | But let's get into a few of the cool topics that we saw this week. So another thing around careers, breaking into investment banking specifically, we had someone in the threads talking about what are the best ways to stand out as a rising high school student um it was funny some some of the angles we saw from |
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