Overshadowed by Merrill’s bloodletting yesterday, apparently a substantial number of heads were cut from banking, including Barcap employees, from all groups. Severance is three months pay and a small percentage (5-10) of last year’s bonus.
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Nah, love the layoff watch, Bess you are da besst…..don’t listen to #1.
Hey I thought I was first?
I was waiting to see when this would hit. From what I hear they are doing a poor job of it. It’s like the undead souls zombies wandering the hallways waiting, waiting, waiting.
Three month’s pay + small bonus for doing a shitty job? Where do I sign up?
so much for security with the big firms huh??
erin burnett just now: “you’re not going to believe one of the conversations from the ratings agencies”
unless you’ve read this post: http://dealbreaker.com/2008/10/this-proves-nothing-1.php
“Security” is in the same part of the dictionary as are “shit” and “syphillis”.
@5 very true
I’m glad I daytrade the ES from home. Don’t have to worry about this.
Have a nice day!
I’m so glad at work Deutsche Bank.
We are one of the only big players left and we will take over the world now.
SUCK IT BITCHES.
#12=tool
#12=tool
Jeez….I may have to go commando at the Front Desk now, just to give these guys something pleasant to remember as they walk past me with their box of stuff for the very last time -
icandee
as for the “shitty job” comment. I’d like to say no one at Barclays is responsible for the situation we’re in.
it’s a bloodbath in New York–performance reviews being used to cover layoffs
http://endofesq.com/?p=386
as for the “shitty job” comment. I’d like to say no one at Barclays is responsible for the situation. There was overlap and there’s not much they can do about that.
which group hit hardest? How is I-banking holding up? Lay-man guys gonna survive?
I can confirm I-banking (i.e., advisory) was not spared (not me personally).
How’s BarchLehs Equity Derivatives doing?
Most of the guys I knew there cashed out in ’07. I hope they sold before the dam burst.
#12 — Who cares about Deutsche Bank….boorrinngg
can someone give more specifics as to the BC side of the layoffs?
can someone give more specifics as to the BC side of the layoffs?
Does anyone know what groups were hit at BC? Cuts across all levels or just top/mid mgt people?
“You must leave now, take what you need, you think will last.
But whatever you wish to keep, you better grab it fast.
Yonder stands your orphan with his gun,
Crying like a fire in the sun.
Look out the saints are comin’ through
And it’s all over now, Baby Blue.”
-R. Zimmerman
most of the grooups at barcap were hit, across all levels. consumer and retail in specific was hit pretty bad, most of the guys left are lehman, like 75% of the old barcap people are gone.
@27: dont know about 75% of ppl..
i heard dcm was not hit as bad at all and the head of dcm is a old barcap guy. but then again they were strong on the dcm side
i don’t get it. everyday has seen layoffs for the past months, not just today.
i don’t get it. layoffs have been happening daily for the past month, not just today.