Layoffs Watch '16: Macquarie Capital Said To Be Planning Investment Banking Cuts

So that's unfortunate.

We're told Macquarie Capital is planning to cut 10% of its U.S. investment banking staff. Those left behind in the industrials group are expected to be redeployed elsewhere within the bank, while there will be other cuts across the board in FIG, TMET, DCM/ECM, PTG. We're also told people aren't exactly thrilled about the timing-- bonuses are expected to be communicate at the end of the month and paid in May.