Ongoing layoffs in NYC For FS Advisory across all levels from MD to SA. About 20 let go so far as of Nov 2016
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.