日子不好过了 The bank said that it is implementing cost-saving initiatives to "right-size for the current environment" and allow it to make investments in some areas in which it wants to grow. Lazard had around 3,400 employees globally at the end of 2022, which means around 340 employees will leave as a result of its restructuring. "The environment just has deteriorated since January and when you look at the advisory side, the pace of announcements over the last four or five quarters sequentially, and you think about the time it takes for deals to close, that means that this drought is going to extend well into this year," Ken Jacobs, Lazard's chief executive told Financial News. "And, unless the private markets pick up in the second half of this year, maybe even to the beginning of next year." "We're not going to stick our heads in the sand and pretend this isn't going on," added Jacobs. "We're going to get ahead of this."
The bank said that it is implementing cost-saving initiatives to "right-size for the current environment" and allow it to make investments in some areas in which it wants to grow. Lazard had around 3,400 employees globally at the end of 2022, which means around 340 employees will leave as a result of its restructuring.
"The environment just has deteriorated since January and when you look at the advisory side, the pace of announcements over the last four or five quarters sequentially, and you think about the time it takes for deals to close, that means that this drought is going to extend well into this year," Ken Jacobs, Lazard's chief executive told Financial News. "And, unless the private markets pick up in the second half of this year, maybe even to the beginning of next year."
"We're not going to stick our heads in the sand and pretend this isn't going on," added Jacobs. "We're going to get ahead of this."