Doesn’t *Quite* Answer Our Question But FYI, Goldman Is Letting People Out, If Not In

By Bess Levin

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.”

Comments (15)

  1. 1
    Posted by guest | February 27, 2008 at 11:34 AM

    i just want to cry. oh the humanity!

  2. 2
    Posted by guest | February 27, 2008 at 11:46 AM

    Isn’t this the time of year they clean out the ranks anyway?

  3. 3
    Posted by guest | February 27, 2008 at 11:47 AM

    what’s NR, natural resources?

  4. 4
    Posted by guest | February 27, 2008 at 11:52 AM

    this is old news. they’ve been letting go in many groups, both sector and product, from analyst to partner

  5. 5
    Posted by guest | February 27, 2008 at 11:53 AM

    @ 11:52– it’s not old news if they’re currently, continually, firing people. idiot.

  6. 6
    Posted by guest | February 27, 2008 at 12:01 PM

    please love one another.

  7. 7
    Posted by thad | February 27, 2008 at 12:43 PM

    I’m safe and that’s all I care about.

  8. 8
    Posted by Investorcluzo | February 27, 2008 at 1:01 PM

    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…

  9. 9
    Posted by guest | February 27, 2008 at 1:56 PM

    Thad shouldn’t you be acquiring a monkey ?

  10. 10
    Posted by guest | February 27, 2008 at 2:20 PM

    Who let the dogs out?

  11. 11
    Posted by guest | February 27, 2008 at 4:22 PM

    So, how many people were laid off from GS?

  12. 12
    Posted by guest | February 27, 2008 at 4:24 PM

    So, how many people were laid off from GS?

  13. 13
    Posted by guest | February 27, 2008 at 6:23 PM

    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

  14. 14
    Posted by guest | February 27, 2008 at 10:20 PM

    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.

  15. 15
    Posted by guest | February 28, 2008 at 9:18 AM

    I hear there are layoffs at GSEC Prime Brokerage division as well.

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