Ongoing layoffs in NYC For FS Advisory across all levels from MD to SA. About 20 let go so far as of Nov 2016
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Current estimate is 150 let go from advisory practice. Unclear if that is MC or all advisory practices.
Strange is that many were 100% utilized and projected to be so for at least for the next 3 months. Firm fiscal year just started and already they are well behind plan, after missing plan by a substantial amount last year.