Layoffs Watch ’08: Rebukes of (Mo’) Hazard

By

mozilo.jpgA former Countrywide employee informs us that Capital Market layoffs began this morning, with a 30-35 percent reduction in CMBS and 10 percent on the RMBS sales/trading desk. Packages were predictably weak (approximately 3 months on average with bonus allocations from 2007 ranging from 40-60 percent of the prior year, plus one free pass to the Hollywood Tans of their choice), but surveyed to be “better than ML and CS” (and, one hopes, BoA). He didn’t make mention of the larger issues– specifically, being burdened with the task of finding a new employer who furnishes the office with tanning beds instead of desks, and generally, how it’ll feel to no longer bask in the reflected glow of the big guy, but we’ll check back in a few days, when the shock’s worn off, and reality’s set in. And by reality setting in, we mean the recognition that each and everyone one of them played a small part in the historic effort of rooking millions of homeowners and investors — but the spoonful of sugar is that many deserved it. Good luck with your conscience. And the melonoma.

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    Comments (10)

    1. 1
      Posted by isiah | February 7, 2008 at 3:15 PM

      priceless.

    2. 2
      Posted by anonymous | February 7, 2008 at 3:17 PM

      former KGB spy Alexander Litvinenko killed himself trying to tan like Mozillo. Aint no one matching that so don’t even try…

    3. 3
      Posted by Anonymous | February 7, 2008 at 3:18 PM

      do they get free tickets to the show when MoMo gets frog-marched and gets some time in the slammer…?
      d

    4. 4
      Posted by MC No Pants | February 7, 2008 at 4:06 PM

      why is that dude’s skin orange ?

    5. 5
      Posted by Anonymous | February 7, 2008 at 4:15 PM

      @ 4;06
      Because he is an oompa loompa, http://www.youtube.com/watch?v=t2NBn6Eg2AM

    6. 6
      Posted by stu sugartits | February 7, 2008 at 5:40 PM

      you are all just jealous! that is a handsome man! You go girl!

    7. 7
      Posted by Anonymous | February 7, 2008 at 6:38 PM

      Country Commercial guys who started an internal group in 2003, per contract, had payment of their cumulative bonuses over a 5-year period deferred until December 2008. Brutal.

    8. 8
      Posted by angelo | February 7, 2008 at 7:26 PM

      What will they do with the Oompa-Loompa tanning lamps ?

    9. 9
      Posted by angelo | February 7, 2008 at 7:27 PM

      What will they do with the Oompa-Loompa tanning lamps ?

    10. 10
      Posted by Anonymous | February 7, 2008 at 9:00 PM

      Good lord 4:06 you are right. He looks exactly like a oompa loompa..in the Gene Wilder version of course

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