Perella Weinberg to Cut 10% of Workforce, Including Partners (1)

Perella Weinberg Partners is cutting almost 10% of its workforce, including a dozen partners, as the investment bank channels resources into higher-performing areas of its business, according to a person familiar with the matter.

The reductions are concentrated in industry sub-sectors that have lagged behind the broader market, said the person, who asked not to be identified discussing private information.

A spokesperson for New York-based Perella Weinberg confirmed nearly 10% of the firm’s about 700 employees will be dismissed.

The overhaul marks Perella Weinberg’s first significant workforce reduction since 2023. Shares of the investment bank have been trailing some of ...