NYSE:LAZCapital Markets
Lazard (LAZ) Cuts 80 Roles After Q2 Net Income Fell 91%
Lazard (NYSE:LAZ) reported a 91% plunge in net income for Q2 2026.
The firm is cutting costs by eliminating more than 80 managing director roles.
Lazard is dealing with elevated tax rates while reshaping its business mix.
The company is putting more focus on IPO advisory work instead of traditional underwriting.
Lazard sits at the center of global financial advisory, with its business closely tied to dealmaking, restructuring and asset management. A 91% drop in net income in Q2 2026,...