As you’re likely aware, Merrill plans to cut up to 10,000 employees. It’s sick and twisted, but because you asked for it, we’ll be watching the car wreck in every slow motion excruciating detail. Apparently “a number of people in the structured products group” were cut today, and the CDO group was “cleared out” yesterday.
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some rates layoff too – first
how about Thain??
When is citi going to cut?
there were people still working in the CDO group? Even the Japanese soldiers eventually found out that WWII was over
Doesn’t BofA have a strong structured products group?
how about equities?
going long on corrugated boxes
@3 – prediction is Citi will slash & burn thru groups in first cut by Halloween. Then it’s all out Napalm for selected other groups. There may be a Schindler’s List, though.
@8 dude…abrasively comedic with a dash of concentration camp humor ~ nice
Bonus numbers for associates?
the surviving associates will split 50% of profits as a bonus pool – bwahahahaha
@10: 2 packing boxes & an escorted trip to the lobby of the WFC
#8 is either Bess, or Bess’ dream man. Flip the coin.
@10 – I heard sev was 75% of last year’s bonus plus 3 months salary.
@10 Are you even thinking about bonus.. .you got to be kidding me right?
I remember the old days of DB bonus numbers – today we speak of sev numbers
@10 Are you even thinking about bonus.. .you got to be kidding right?
I love how Wall St always saves its biggest cuts right at the very end of bear markets.I’ve seen this play out about 6 times over the past 30 years…every fucking time.In 12 mos, they’ll be rehiring again like nothing ever happened.
my bonus: 405/week for 6 months.
Karma is a bitch y’all.
-Engineer
2 bucks in the bank bitch. How do you like me now?
@18 – you’ve been on the street for 30 years? What are you doing on this site? Don’t you need an analyst to print out your e-mails and hand them to you?
@20
STFU and fix my maserati
@19,
as part of the most recent Iraq War Spending Bill, unemployment benefits were extended an additional 13 weeks. Also, as part of the stimulus package being discussed Democrats want to extend benefits another 13 weeks.
Warm Regards,
Someone in the know
@13 – I’m neither. Just an eye-candy chik at a reception desk surfing these blogs all day, as the Dead Men Walking keep shufflin by my desk. I hear it all by the elevators. I’m on a Schindler’s list here, that’s for sure. For real, Dude.
@25 – how many did you have to eat to get on the list?
@18,
“very end of the bear market”
Oh, that was a good laugh.
@23, only a complete douchebag would ever ride in a Maserati, nevertheless waste money on one.
not 20
@28 the 400hp Quattro is nice
not 20 either
couple guys i talk(ed) to everyday in FI Swaps are gone.
Just tried calling/emailing. Their email accounts are off already.
-mrp
@20, Please wash it and fill the tank up too. 23 is gonna have to trade it for a van to park down by the river.
@31, 28, 20
I’m the head of HR. You can’t touch me.
No one does layoffs like ibanks.
– Waiting for someone to assault one of the security gorrilas.
Wouldn’t mind a Maserati granturismo-S, very nice, and comp on price to MB SL55, etc.
Bonus = January paycheck
34 I was standing on the corner of Mad/72 on Saturday and one of those wheeled by. On the sidewalk was a gaggle of Park Avenue trustafarians that looked like the cast of Gossip Girls. One of the guys commented: “thats so suburban”.
“Park Avenue trustafarians”
That would include me, jackass.
Suck it or fuck it.
#20 here
Engineer ≠ Greasy men in overalls, you narrow-minded mofo.
Engineer >> Overpaid Excel hacks with *zero* life.
And what’s a layoff?
I took a black to ML every morning my entire Assoc. tenure….
Never got called on it.
why are there park ave trustafarians and engineers here? I think they should go find someplace else to play.
Some ML gossip:
An assoc got busted eating pussy on his desk back in the 90s…an Associatte opened the door…no frosted windows at WFC
An associatte got busted banging the car guy after the xmas party in ’90s too. He charged her waiting time of 3 hours and used her address on UWS.
Are the analysts getting laid off really that upset? Think of this as an opportunity to go pursue something you actually like.
@41 share some more
Bess -we need a now that I no longer work at “–” I would like to share a story topic
@ 36
Not quite sure I get what you’re implying there, that park-ave trusfarians are tools, or that a beautiful maserati-S is “suburban”, whatever that means
@ 42 – are you a consultant that just got stuck in Cincinnati/Northern Kentucky en route from your satellite office to Traverse City, MI?
Sounds like you’re really pursuing something you like too. Just be sure to tip at Applebee’s tonight.
Yes, we like this.
@38
My definition of an engineer is a lackey who does dirty jobs for me like fixing my car and feeding my dog. So STFU and fix my car.
I’m the head of HR. You can’t touch me.
Join us in Silicon Alley. Pays better than an analyst.
HAHAHA!! I am still laughing at all the useless suckers that got cut on the trading side of our biz. They caused this mess now its time for them to suck cock. It is because of you my bonus will suck.
I still get to take the black car home every day and you guys better not delay my ride home with the squeegee business you will be running.
Thats right anyone of you says otherwise come talk to me.I got a cockmeat sandwitch for you guys
R Liang.
R Riang?
This place is like a ghost town. Anybody who remembers all those characters who commented here over the past two years will agree with me.
What the fuck name is R Liang?
R is my first initial DUMB ASS!!
50. In the end, this site attracted exactly the kind of people who are now out of a job – low level doucebags who talked a big game, but couldn’t deliver shit. Now they have nothing to show for it.
Are Lying or Are Rying. HAHA
@55 don’t be a racist prick!!
There are many people of Asian descent on this site that would be offended by your ‘engrish’ jokes.
Just because Mr R. Liang is a bad apple and doesnt mean you have to put all of us down.
How do we even know if he even works at MER???
@54 don’t be a racist prick!!
There are many people of Asian descent on this site that would be offended by your ‘engrish’ jokes.
Just because Mr R. Liang is a bad apple and doesnt mean you have to put all of us down.
How do we even know if he even works at MER???
Liang, they didn’t make you spell sandwich on your TOEFL test?
@48
That must be the world’s smallest cockmeat sandwich
Hey guys I work at the NYMEX right around Liang’s place. Ill let him taste my cockmeat sandwich. Believe me aged meat is great for anyone.
Oh it’s all in good funs. I drop R’s all the time to my Asian friends. And they call me crazy round eye.
To the cocksucker who just said: too busy to talk. Goodnight. You’re future , and family’s, is fucked.
This is why the world hates us bankers.
Anyone at MER know this clown??
@61
“your future”
you liang cocksucker
@25 “Just an eye-candy chik at a reception desk surfing”
pic = proof
thong or commando?
SPODE
had a friend there in SP who got cut, tough times all around
@52, I don’t think Richard would be dumb enough to put his real name on DB knowing full well that anyone could type his name into the ML directory and see his rank, location, phone number and manager’s name
I think you’re a 2nd year trying to get this guy fired. lord knows they’re just looking for excuses these days…
I just hope the real Richard locks his computer when he goes to take a dump
@45- enjoy getting canned or enjoying your 10K end of year bonus for working 100 hour weeks.
@54, 55 – be a good chink and submit and don’t wine.
@18 – You don’t get it… no more investment banks.
It’s different this time!
too sad, didn’t read.
tanned banker
@56: Oh, he works at MER, alright…he just spelled sandwich using a “t”…
@58; yeah…”cocktail weenie!”
@71
What’s rong with that?
SPODE
anyone gonna make a MER video like that LEH one? Post it!
http://www.weeklyta.blogspot.com
@55, you told yourself not to be a racist prick when you were talking about 54. ROFL, you sir are a dumbass.
-that guy from Goldman Sachs
Watch out for lawoffs disquised as performance reviews. It’s quite fashionable to accelerate the reviews and avoid teh stigma of a firm laying off in the face of declining revenue.
http://endofesq.com/?p=386
R. Liang = Richard Liang. 212-448-8104. He’s at MER.
i weep for the future
@77
Well, Obviously the real richard liang is not stupid enough to make it so obvious right? This troll is probably someone with an axe (against liang) to grind.
Nevertheless, you should still give him a call.
Thain’s got a nicely cushioned nest as CEO of GWIM at Back office of America. Too bad no one lasts longer than 6 months in this position.
Go long egg rolls, short hamburgers.
Whoever saw fit to pose as the harmless “R. Liang” is def someone who’s quite accustomed to eating D’s on the regular. You’re pissed b/c Liang dominated you at a “team meeting” and this is your way of firing back? If you were a man, you’d just jack him up. But you hide. I hope the entire Liang family (on their way to the states right now via steel cargo container) gets to serve you cocktail weeners thru your air-tight back door.
For those still at MER, best of luck. For those who have departed MER, godspeed- I really wish you all the best.
@79 yeah, it’s obviously some non-asian guy posting these comments.
“that guy from goldman sachs” is a total douchebag.
G Moszkowski.
If Liang has a sister and she is named Pepsi or Rose, I’ve met her at a massage parlor.
I used to work at MER.
Don’t feel to sorry for these #@$%$%#$.
There is maybe, one or two people there who are not COMPLETE sacks of @#$@#$.
Almost all the people who are about to get it in the neck, are arrogant, incompetent d-bags who are about to find out exactly what they are worth (when they get their first unemployment check.)
Soon to be ex-MLers – try not to spend it all in one place.
That fucking dooshbag Jim Forbes @ML is the next layoff. For fucking too many of the temps and associates and pulling Spitzer like hooker affairs. Good riddens moron.
Peeps, check out LayoffGossip.com. Amex just shittcanned ME!
Can somebody “in the know” at ML or BofA please show some decency and tell us what is going on with timing/number/focus of layoffs? The rank and file have received virtually no communications internally.
Everyone is expecting recession getting over soon. I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, recently he’s been “right sized” too, despite of his outstanding performance and the increasing revenue he generated. OMG, now the banking industry is badly hurt, how long it would take for those financial background guys like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region