PWP News & Events

Perella Weinberg Partners is laying off almost 10% of its workforce, including a dozen partners, Dani Burger of Bloomberg reoprts, citing a person familiar with the matter. The reductions are concentrated in industry sub-sectors that have lagged behind the broader market, a source told Bloomberg. A spokesperson for Perella confirmed to Bloomberg that nearly 10% of its 700 employees will be dismissed.

Reports Q1 revenue $149M, consensus $166.32M. "We continue to see momentum across our business - client dialogue remains exceptionally strong and our announced and pending backlog is at a two-year quarterly high. Our acquisition of Gleacher Shacklock adds meaningful presence in the UK - Europe's largest advisory market - and alongside our senior talent additions and the integration of Devon Park, we are more scaled and diversified geographically and by industry and product than at any point in our history. We remain focused on our clear and simple strategy to scale our business," stated CEO Andrew Bednar.