Hiring on hold as banks battle virus impact

hire3_adobe_230x150
By Owen Sanderson
10 Mar 2020

Investment banks are said to be freezing hiring plans in capital markets, as the impact of the coronavirus epidemic slashes new issuance volumes and expectations for the year ahead. Some institutions are also said to be using the virus as an excuse to push through planned cuts to banking businesses.

One headhunter said some existing hiring mandates had “melted away”, while other potential hiring was hard to discuss given the market backdrop, which was drawing management attention away from future staffing strategy. Some institutions have formal or informal hiring freezes in place, in anticipation of skinny revenues ahead, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.