I have been talking to a lot of friends over the past month, and slowly one by one they have started to become redundant. I am not sure how far this trend is going, but it appears that London (which I had always thought was financially stable) has even been hit at record levels. The good news is most people are getting generous severance packages, so that is the one good thing about this.

Another interesting point is that as someone said, “This is a great opportunity to leave Investment Banking (IB) and do some traveling” or try something new. My thoughts go out to all my friends, and I am sure things will work themselves out. In the interim, I am just going to duck down further, work harder, and try to keep off the redundancy radar.