Goldman Slashes Jobs, VCs on the Struggle Bus, PE Slowly Rebounds

Goldman Slashes Jobs, VCs on the Struggle Bus, PE Slowly Rebounds

In this episode of the Weekly IB Recruiting Brief, host Meridith Dennes discusses the impact of the current economic climate on investment banking recruiting. Highlights include post-Labor Day activity on Wall Street, uncertainty in job markets, and significant job cuts at Goldman Sachs. The venture capital industry is expected to see a steep decline in fundraising, while the U.S. private equity market shows some signs of life. The episode also explores the phenomenon of 'ghost jobs' and resilient M&A activity, with emphasis on strategic hires. 

00:00 Introduction and Economic Climate Overview

00:39 Wall Street's Post-Labor Day Outlook

01:12 Goldman Sachs Job Cuts and Workforce Trends

01:34 Venture Capital Industry Challenges

02:00 Private Equity Market Insights

02:24 The Rise of Ghost Jobs

02:41 Global M&A Activity and Trends

03:09 Implications for IB Recruiting

03:27 Conclusion and Additional Resources