Layoffs Watch '08: Fratricide

Posted by Bess Levin, Feb 21, 2008, 2:35pm

crocs.jpgIs Lehman Brothers cutting ten percent of its workforce investment banking staff, circa now? Could be. Also could not be, but we’re leaning more toward “could be” since firing people is de rigueur among the financial set at the moment. Sad, but at least shares of CROX are down 4.12%. Anyway, let us know what you hear.

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Posted in: Layoffs, Lehman

Comments

1

Posted by guest , Feb 21, 2008 2:50PM

Lehman might be laying off 200 people or more, but from what I heard, people got totally screwed on their bonuses - I bet the attrition rate is even higher. I've heard that they've been making strategic cuts to the entire firm for the last 4 months or so on the downlow.

2

Posted by guest , Feb 21, 2008 2:54PM

200 people is less than 1%, so that is a good start but not quite there yet

3

Posted by guest , Feb 21, 2008 3:02PM

People may feel bad about bonuses, but last I checked business is atrocious, and not too many firms are in hiring mode...far from it. Its like a game of musical chairs out there, with everyone scrambling to hang onto their seat in 2008.

4

Posted by guest , Feb 21, 2008 3:03PM

Bess, your favorite sausage sender reported 10% of their "investment banking staff" which I don't think necessarily means 10% of their workforce. The figure of 200 people seems to make more sense in the context of 10% of investment bankers (narrowly defined)as opposed to the whole firm.

5

Posted by guest , Feb 21, 2008 3:44PM

If you're an intelligent and pretty Lehman female analyst, associate, or similar position (and between 22 and 30 and single but that really goes without saying) and have not been retained as of today by the firm, why not let me give you a complimentary full body massage to ease your distress? Think of me as a helpful friend who doles out special unemployment benefits. I also have a facial cream that, when applied, will make you look great in your *next* interview! It's yet another benefit I can offer.

6

Posted by guest , Feb 21, 2008 4:18PM

guest dont you think you should post your email address or something how are they going to find you and take you up on that generous offer?

7

Posted by Lowly Assistant , Feb 21, 2008 4:33PM

guest@3:44: way to type with one hand. Are you a 14 y/o male, or socially retarded?

8

Posted by guest , Feb 21, 2008 4:34PM

@4:18 Why - do you fit the profile? If you're a qualified fired Lehman female, post your picture sitting on your bed (or desk) nude with your Lehman business card strategically placed - just so I can see how bountiful you are so as to determine many warm cotton towels I should bring to comfort you...

Ladies first!

9

Posted by guest , Feb 21, 2008 7:11PM

Banker babes have to be the lowest on the female beauty totem pole....

Ann Taylor-esqe, pudgy, $25 of chinx-food wolfing/night, and no sun, exercise, and sex with both legs down flat....


Cruise any bar and buy a round and you will do better

10

Posted by guest , Feb 21, 2008 11:21PM

I know it says guest, but it should say "BSD is a cock", but i am too lazy to register.

Guest and Lowly Assistant: i agree with the other guest, and i would request that you include photo or videos of you tugging on your meat curtains as well. Then post a photo of Guest assaulting you quivering dirt shoot with his meat bat.

11

Posted by guest , Feb 22, 2008 7:44AM

"sex with both legs down flat"

you mean they do it reverse cowgirl style?

yeah, that sounds awful.

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