The Coffee Run: An investment bank paying $900k is cutting jobs. It’s not about AI

We've launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture.

The most common story you see in financial services today is firms using AI as a justification to cut jobs. It's happening everywhere from investment banking to fintech. The most recent bank to make cuts, however, is doing it for an entirely different reason.

Perella Weinberg Partners is cutting 10% of staff including 12 people in it's most lucrative partner roles. Why? Find out by watching the video below

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