Seamless Watch '13: Macquarie

On the heels of this, the Aussies have taken an ax to (weekend) food allowances and its (junior) mistmakers, for one, are having none of it!

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
May 23, 2013

On the heels of this, the Aussies have taken an ax to (weekend) food allowances and its (junior) mistmakers, for one, are having none of it!

From the front lines:

"Macquarie is making further cuts to analysts. Weekend Seamless is now $25/day, cut from $40. All analysts are trying to leave. Morale is extremely low."

News

Cuts are said to be coming next week. "FYI: Layoffs next week at Macquarie in New York, mostly at the SVP and MD level, right before their FY-end. Not much in terms of bonus pool given weak deal flow." Related(-ish): Macquarie Bank Miranda Kerr Enthusiast On A Time Out ‘Til Superiors Decide What To Do With Him

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The bank is set to ask half its bankers in Asia to clear out their desks.

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None of this "protected weekend" BS for his junior bankers.

News

The Brits are said to have alerted some staff that their services are no longer required at the bank.

News

Cuts are said to have gone down across the pond earlier today.