https://www.bizjournals.com/newyork/news/2019/10/31/lazard-lays-off-200-on-heels-of-earnings-report.html

Here is what's going on per WSJ (link below). It looks like 7% will be cut, Asset management will be hit hard. Lazard is eliminating up to 7% of its employees in its asset-management division and closing some investment funds by year’s end... —  read more 

Lazard is laying off dozens of folks right now - back office is affected, shared functions etc. Lots of oursourcing