Lazard has cut over 80 managing director roles, CEO says
23/07/2026 12:49
Lazard has cut over 80 managing director roles, CEO says NEW YORK, July 23 (Reuters) - Lazard LAZ.N has cut more than 80 managing director roles, or roughly 40% of its total pool, CEO Peter Orszag told reporters on a post-earnings call.
He added that the investment bank has been hiring and promoting bankers simultaneously, particularly focused on healthcare, technology and defense sectors.
(Reporting by Tatiana Batuzer in New York and Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com; X: manya__saini;))
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