Perella Weinberg Partners announced layoffs in late May 2026. About sixty to seventy people were affected, including twelve partners. The company's first-quarter revenue and earnings fell below analyst expectations. Its strong energy investment banking sector experienced a significant decline in transactions. Management framed these reductions as strategic, not due to AI efficiency.
https://unitewithpriti.co.uk/news/perella-weinberg-layoffs-signal-something-bigger-than-a-bad-quarter/