Morgan Stanley is supposedly laying off "double digit %" next week in New York. I know this sounds bad, but we're just going to assume that the reduction in headcount is part of CEO John Mack's plan to bring back taxi reimbursement for rides prior to 10 pm.
Comments
More Favorite Reads
Sep 15, 2009, 2:22pm
Technical Difficulties Prevented Warren Buffett From Saving Lehman Brothers
I sense some judgment from the Bloomberg reporter here re:...
More »Sep 15, 2009, 2:00pm
People! THIS TYPE OF PERFORMANCE DOES NOT MAKE PTJ WANT TO RAIN BUCKETS O' CHICKEN ON YOUR ASSES!
Tudor BVI Global: August 2009: 0.5% YTD: 12.5% ...as for...
More »
Sep 09, 2009, 11:27am
Goldman Partner's Neighbors Scandalized By Shirt Optional Parties
Goldman Sachs partner managing director Richard Kimball Jr. apparently got...
More »Sep 09, 2009, 10:15am
Job Openings At AQR! (UPDATE)
Ladies, if you've been looking to work under one of...
More »
Posted by guest , May 16, 2008 11:05AM
the WB in CLT is not far behind. LEH is supposedly bloodletting next week in NYC as well.
Posted by guest , May 16, 2008 11:07AM
the WB in CLT is not far behind. LEH is supposedly bloodletting next week in NYC as well.
Posted by guest , May 16, 2008 11:14AM
does anyone know which departments these layoffs are coming from?
Posted by guest , May 16, 2008 11:14AM
does anyone know which departments these layoffs are coming from?
Posted by guest , May 16, 2008 11:29AM
Is there an echo in here?
Posted by guest , May 16, 2008 11:39AM
guest@11:29AM,
HaHaHa!!! Great posting; best of the week.
Posted by guest , May 16, 2008 11:51AM
guest@11:29AM,
HaHaHa!!! Great posting; best of the week.
Posted by guest , May 16, 2008 11:54AM
Hellooooooooooooo
Posted by guest , May 16, 2008 11:56AM
Who is the idiot who echoed the 11:39 post at 11:51??
Posted by guest , May 16, 2008 11:57AM
Hellooooooooooooo
Posted by guest , May 16, 2008 12:35PM
Who is the idiot who echoed the 11:39 post at 11:51??
Posted by guest , May 16, 2008 12:48PM
All of you posters here make the layoff decisions easy. Each one of you will have a lot more time next week to post idiotic remarks as I'm sure every one of you will be posting from home, or the library.
Posted by counterclockwise , May 16, 2008 12:56PM
@12:48pm: damn grinch.
Posted by guest , May 16, 2008 1:21PM
Any news out of Wachovia today?
Posted by Dale Mabry , May 16, 2008 1:46PM
If I can't get car service to Brooklyn, can I at least get dinner at Houlihan's?
Posted by Dale Mabry , May 16, 2008 1:47PM
If I can't get car service to Brooklyn, can I at least get dinner at Houlihan's?
Posted by guest , May 16, 2008 1:54PM
LEH to lay off 5% starting Monday
hahaha
Posted by guest , May 16, 2008 2:10PM
WB is looking like next week.
Posted by guest , May 16, 2008 2:11PM
WB is looking like next week.
Posted by guest , May 16, 2008 2:12PM
WB is looking like next week.
Posted by guest , May 16, 2008 2:14PM
The WB is laying off because they heard all the Investment banks are doing it. Rumor is that they are going to stop originating subprime mortgages next week as well
Posted by guest , May 16, 2008 2:41PM
Straight from a MS Exec Director: 2,000 person reduction next week
Posted by golden girl , May 16, 2008 2:46PM
This is the most annoying comment thread, ever.
Posted by guest , May 16, 2008 3:07PM
Its time to go long DB. With all the extra time you clowns are going to have page views should skyrocket.
Posted by guest , May 16, 2008 3:51PM
they actually started this week ... Fixed Income got hit though from what I hear it wasn't too bad
Posted by guest , May 16, 2008 8:26PM
Hey guys, Judge Judy here. When are we going to stop the bullshit with these bogus layoff rumors. Simple as this: the street got hurt big time by subprime. Thus, a lot of jobs that would have been saved are now being dumped. Thelosses have been booked, the capital has been replenished and we need to get back to business. SO GET THE FUCK OVER IT. This is that same old bullshit that the moron Gasbagarino has been saying for months. He's always wrong and it ain't news anyway. I mean the guy is a fucking idiot and you compound it when you keep the hysterics going. If there is a dumber person in journalism, I have yet to see him.
Posted by guest , May 16, 2008 8:28PM
Hey guys, Judge Judy here. When are we going to stop the bullshit with these bogus layoff rumors. Simple as this: the street got hurt big time by subprime. Thus, a lot of jobs that would have been saved are now being dumped. Thelosses have been booked, the capital has been replenished and we need to get back to business. SO GET THE FUCK OVER IT. This is that same old bullshit that the moron Gasbagarino has been saying for months. He's always wrong and it ain't news anyway. I mean the guy is a fucking idiot and you compound it when you keep the hysterics going. If there is a dumber person in journalism, I have yet to see him.
Posted by guest , May 16, 2008 10:46PM
seriously, what's up? it was like sell-side analyst armageddon today. Analysts dropping like flies at CSFB, MS, ML and Bear (that we knew).
Spooky
Posted by guest , May 17, 2008 2:04PM
spooky@10:46PM,
It seems that your comment is at odds with Judge Judy's@8:28PM. Why such disparity?
clueless
Posted by guest , May 18, 2008 1:00AM
How many are they laying off at WB? Are analysts going to be affected?
Posted by counterclockwise , May 18, 2008 2:20AM
Some analysts at Bear were notified Thursday that JP Morgan would be offering them a job. Their colleagues who didn't hear expect formal bad news Monday. As far as I can tell, not a high percentage were offered jobs.
Posted by guest , May 18, 2008 2:43AM
Some analysts at Bear were notified Thursday that JP Morgan would be offering them a job. Their colleagues who didn't hear expect formal bad news Monday. As far as I can tell, not a high percentage were offered jobs.
Posted by guest , May 18, 2008 12:42PM
Hey Clueless, Good for you. You get it. Spooky is an alarmist who thinks this shit is supposed to be some kind of shocking news. IT AIN'T NEWS AT ALL. The staff functions at the banks are being right sized to reflect the post-subprime environment. Duh. This is supposed to surprise us? What the morons ought to be reporting (but they lack the intellect and foresight) is how the industry is strategically preparing for the opportunities that will present themselves in the coming years. Now that would require some talent (which the Gasbagarino's of the journalistic world seriously lack). How many days this week will this moron report the same story and simply change the names. And, when he can't slip that by the CNBC producers, we hear about fagots with hormone shots - like it has any relevancy to Wall St because it happened at SAC. What a fucking idiot!
Posted by guest , Jun 29, 2008 8:01PM
anyone familiar with any layoffs at MS alternative investments in Philly? or do their jobs seem secure at this point?