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.
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.
Posted by guest , Oct 22, 2008 2:24PM
layoff the layoof watch will ya, Bess. Are you trying to make us all KKRRAAZZZZYYYY!!!!!
Posted by guest , Oct 22, 2008 2:28PM
Nah, love the layoff watch, Bess you are da besst.....don't listen to #1.
Posted by guest , Oct 22, 2008 2:29PM
Nah, love the layoff watch, Bess you are da besst.....don't listen to #1.
Posted by prgy , Oct 22, 2008 2:32PM
Hey I thought I was first?
Posted by guest , Oct 22, 2008 2:32PM
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.
Posted by guest , Oct 22, 2008 2:41PM
Three month's pay + small bonus for doing a shitty job? Where do I sign up?
Posted by guest , Oct 22, 2008 2:44PM
so much for security with the big firms huh??
Posted by guest , Oct 22, 2008 2:45PM
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
Posted by guest , Oct 22, 2008 2:48PM
"Security" is in the same part of the dictionary as are "shit" and "syphillis".
Posted by guest , Oct 22, 2008 2:56PM
@5 very true
Posted by guest , Oct 22, 2008 3:10PM
I'm glad I daytrade the ES from home. Don't have to worry about this.
Have a nice day!
Posted by guest , Oct 22, 2008 3:32PM
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.
Posted by guest , Oct 22, 2008 3:35PM
#12=tool
Posted by guest , Oct 22, 2008 3:35PM
#12=tool
Posted by guest , Oct 22, 2008 3:37PM
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
Posted by guest , Oct 22, 2008 3:46PM
as for the "shitty job" comment. I'd like to say no one at Barclays is responsible for the situation we're in.
Posted by guest , Oct 22, 2008 3:47PM
it's a bloodbath in New York--performance reviews being used to cover layoffs
http://endofesq.com/?p=386
Posted by guest , Oct 22, 2008 3:47PM
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.
Posted by guest , Oct 22, 2008 4:07PM
which group hit hardest? How is I-banking holding up? Lay-man guys gonna survive?
Posted by guest , Oct 22, 2008 4:20PM
I can confirm I-banking (i.e., advisory) was not spared (not me personally).
Posted by guest , Oct 22, 2008 4:36PM
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.
Posted by guest , Oct 22, 2008 4:41PM
#12 -- Who cares about Deutsche Bank....boorrinngg
Posted by guest , Oct 22, 2008 5:45PM
can someone give more specifics as to the BC side of the layoffs?
Posted by guest , Oct 22, 2008 5:48PM
can someone give more specifics as to the BC side of the layoffs?
Posted by guest , Oct 22, 2008 6:02PM
Does anyone know what groups were hit at BC? Cuts across all levels or just top/mid mgt people?
Posted by guest , Oct 22, 2008 6:11PM
"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
Posted by guest , Oct 22, 2008 9:48PM
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.
Posted by guest , Oct 22, 2008 10:02PM
@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
Posted by guest , Oct 22, 2008 10:28PM
i don't get it. everyday has seen layoffs for the past months, not just today.
Posted by guest , Oct 22, 2008 10:29PM
i don't get it. layoffs have been happening daily for the past month, not just today.