A friend o' the fired fills us in:
"It's more than just a hiring freeze - yesterday in IBD an MD, VP, and Associate were shown the door in Industrials and two Associates were canned in NR."
Doesn't *Quite* Answer Our Question But FYI, Goldman Is Letting People Out, If Not In
Posted by Bess Levin, Feb 27, 2008, 11:05am
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Posted by guest , Feb 27, 2008 11:34AM
i just want to cry. oh the humanity!
Posted by guest , Feb 27, 2008 11:46AM
Isn't this the time of year they clean out the ranks anyway?
Posted by guest , Feb 27, 2008 11:47AM
what's NR, natural resources?
Posted by guest , Feb 27, 2008 11:52AM
this is old news. they've been letting go in many groups, both sector and product, from analyst to partner
Posted by guest , Feb 27, 2008 11:53AM
@ 11:52-- it's not old news if they're currently, continually, firing people. idiot.
Posted by guest , Feb 27, 2008 12:01PM
please love one another.
Posted by thad , Feb 27, 2008 12:43PM
I'm safe and that's all I care about.
Posted by Investorcluzo , Feb 27, 2008 1:01PM
I heard lehman is about to swing the axe (again), apparently, 10% of the people there are not loved...damn wsj article must have been the straw that broke the camel's back...
Posted by guest , Feb 27, 2008 1:56PM
Thad shouldn't you be acquiring a monkey ?
Posted by guest , Feb 27, 2008 2:20PM
Who let the dogs out?
Posted by guest , Feb 27, 2008 4:22PM
So, how many people were laid off from GS?
Posted by guest , Feb 27, 2008 4:24PM
So, how many people were laid off from GS?
Posted by guest , Feb 27, 2008 6:23PM
Firm Number of Jobs Cut
Citigroup 4,200
Lehman Brothers 3,890
Bank of America 3,650
Morgan Stanley 2,940
Washington Mutual 2,600
HSBC 1,650
Bear Stearns 1,550
WestLB 1,500
UBS 1,500
Merrill Lynch 1,000
National City 900
Credit Suisse 820
Royal Bank of Canada 500
Wells Fargo 500
Wachovia 443
Deutsche Bank 370
JPMorgan Chase 100
_____
TOTAL 28,113
Posted by guest , Feb 27, 2008 10:20PM
The vibe in GS IBD is more tense than usual now a days. You knew something was up when the FY-end party sucked. @11:52 can tell you why.
Posted by guest , Feb 28, 2008 9:18AM
I hear there are layoffs at GSEC Prime Brokerage division as well.