• 01 Dec 2008 at 1:30 PM

Layoffs Watch ’08: MER, BAC, But Mostly MER

By Bess Levin

Charlie Gasparino reports that the Bank of Amerrillwide will result in ten thousand layoffs between Bank of America and Merrill Lynch, mostly from the latter and heavily from the investment bank. According to CG, cuts are expected before the end of the year, and over at MER, “things are scary,” likely because if this was the reaction to a deflated bonus, what can we expect of the all-star, or those who subscribe to his school of thought, if a canning is on the horizon? Stay tuned, and buy yourselves some umbrellas.

Comments (17)

  1. 1
    Posted by guest | December 1, 2008 at 1:32 PM

    Umbrellas? Is Citi hiring?

  2. 2
    Posted by Clown Capital | December 1, 2008 at 1:36 PM

    Yeah. This really isn’t surprising. Most Merrill folks will get 4 months full pay. No pro-rated bonus or any stupid shit like that some people may have “expected” to see…
    Real talk…

  3. 3
    Posted by guest | December 1, 2008 at 1:36 PM

    wideclops will attack the thundering herd like a hungry lion

  4. 4
    Posted by guest | December 1, 2008 at 1:40 PM

    Going forward will the layoffs be fluid?

  5. 5
    Posted by guest | December 1, 2008 at 1:41 PM

    Uh oh, say a prayer for those poor custodians.MER folks better what where they step…

  6. 6
    Posted by guest | December 1, 2008 at 1:44 PM

    have you seen this person in pain. There are alot of them around.
    http://endofesq.com/?p=509

  7. 7
    Posted by Lowly Assistant | December 1, 2008 at 1:47 PM

    Good observation, 5. We’re nearing the annual Shit & Stomp held in 4WFC. Ex-lax will be provided, via Brookfield Properties. The turnout is expected to be unusually high this season.

  8. 8
    Posted by guest | December 1, 2008 at 1:52 PM

    When will we learn to set aside our foolish pride and just deliver our tribute of 7 virgins (probably from the IT dept) to wideclops each full moon. Have mercy wideclops.

  9. 9
    Posted by guest | December 1, 2008 at 2:08 PM

    May the Wideclops spare you and your kin.

  10. 10
    Posted by guest | December 1, 2008 at 2:29 PM

    Why is BofA called the wideclops?

  11. 11
    Posted by guest | December 1, 2008 at 2:31 PM

    #8 haha

  12. 12
    Posted by guest | December 1, 2008 at 3:52 PM

    rumor has it that smearing lamb’s blood over your office door will protect you from the wideclops

  13. 13
    Posted by guest | December 1, 2008 at 3:59 PM

    Was there any corn identified in the deucage?

  14. 14
    Posted by guest | December 1, 2008 at 6:40 PM

    If Dealbreaker.com was worth anything as a “Wall Street Tabloid” rumor source, it would have already reported when the previously-announced J.P. Morgan IB layoffs were going down. It’s supposed to be this week.

  15. 15
    Posted by Goldman Sachs Neophyte | December 1, 2008 at 7:16 PM

    @10, FYI “Wideclops” is not BofA, it is Melissa Lee from CNBC. And yes, you are welcome. Also @8, yes the only way to stop this financial crisis is to make a blood sacrifice (consisting of 7 virgins) to Wideclops. Have mercy Wideclops, have mercy.
    - that guy from Goldman Sachs (a.k.a.: TGFGS)

  16. 16
    Posted by guest | December 1, 2008 at 7:37 PM

    @15. You think you’re funny but you aren’t. You are just plain wrong. You’ve jumped on the wideclops bandwagon cos you think it makes you fit in. But it doesn’t. It just makes you a dick.

  17. 17
    Posted by Goldman Sachs Neophyte | December 1, 2008 at 7:46 PM

    @16 if I am a dick, will you blow me? If not, shut the fuck up.
    - that guy from Goldman Sachs (a.k.a.: TGFGS)

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