Like we said yesterday, “big” cuts are slated to go down at BarcLehs. The body count is now estimated at over 2,100 jobs between investment banking and investment management units, with 1,300 coming out of Barclays Capital, 500 in Barclays Wealth and 370 in Barclays Global Investors.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Great job Dick!
is it too optimistic to say the cut on lehman people is over?
Legal&IT here. Traces are in place. Anyone caught surfing or posting on http://dealbreaker.com will be subject to disciplinary action and/or immediate termination.
@2- per the db article yesterday, they’re mostly only down to top LEH people having gone through 4-5 rounds of layoffs already. so this’ll be mostly barcs
fuck off @3
@3–so fire yourself?
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Most of the firms on the news these days still keep a sizable MBS desk, yes, barclays is one of them. What is going on?
@6: Bwah!
Seriously, BarcLeh’s people – I salute you. You’ve been through a really tough time and it sounds like there is bad morale. Good luck to you all.
My senior friend at deutsche bank says they are looking to make some more cuts in CIB. Cuts will come either tomorrow or next wednesday. He says around 2,000 will be dismissed
Most of the firms on the news these days still keep a sizable MBS desk, yes, barclays is one of them. What is going on?
My senior friend at deutsche bank says they are looking to make some more cuts in CIB. Cuts will come either tomorrow or next wednesday. He says around 2,000 will be dismissed
Most of the firms on the news these days still keep a sizable MBS desk, yes, barclays is one of them. What is going on?
So I need some advice, the guy in the cube next to me is snoring, do I wake him up?
@14, that depends. If layoffs are coming you might want to serve him up. Me, I would crank the volume on his speakers then send him an email and watch him jump…
@14 Wake him with a dirty sanchez.
Comment removed by moderator.
@private- the link doesn’t work
@18 shit my fault, it’s the new branding and logos for BOA-ML-they’re terrible
@private
internal link with cookie? I figure you’re baked.
@20 I’m barely breathing
Yikes, Private! What are you doing to yourself?
@21 I hope you get two toasters and one sleeve of cups at your exit interview…
private – delete from everywhere and say someone must have been using your computer.
Any time you see a link with lots of unreadable digits think twice. There may be a unique cookie embedded.
Just saying.
Come on, no one checks that stuff
Please delete @17
Poll-
Private was initially an employee of
1. BOA
2. ML
3. Countrywide
@3 – Beware the Wideclops in boots!
3
@29
@3 here. Just having fun is all.
It would be nice if something was done about the inadvertent post later in the thread.
Definitely not 2, I just got the same PDF with a different name.
Bess, please delete the threat from BarcLeh’s @ 3– they’re silencing your dealflow!
@3 – “disciplinary action and/or immediate termination.” So if they choose the “and” do you get spanked by Wideclops right before they escort you to the elevator?
dude posted a picture of BAC cups or logos, not their damn proprietary trading strategies. No one gives a fuck.
35, you’ve obviously never had an encounter with the marketing gods. Everything is sacred.
not true. i had an encounter with the marketing gods. NOTHING was sacred!
37, that is mostly true. However, I think we can both agree that something as simple and trivial as a new shade of red or new font on firm templates is their proverbial “baby.” Quite sad, really.
amazing how a post about layoffs at barclays transforms into a discussion about BAC logo. The world revolves around BOA!!!
@35- you’re a moron if you dont think banks are looking for any excuse to fire people.
Thank you. Much appreciated. I hope @Private stays safe.
DOOMSDAY IS TOMORROW – WEAR YOUR SEATBELTS PEOPLE. – LEGACY LEHMAN LARRY
HR is watching the outbound email traffic….those that bomb models etc to their gmail acct will be moved to the top of the list…
Hey 43…you are def getting canned tomorrow.
43 here…no way I’m getting canned. I’m top 10%
Pretty sad if top 10% emails models instead of flash driving them in situations like this…
Can’t use flash drives at the BarLeh
46 In my experience any models that are truly special are are protected and proprietary. The stuff that you can remove is at the end of the day not all that valuable.
43 – no one who is “top 10%” would ever say that. You’ll be on the unemployment line on Thursday. Good luck.
Prop trading is useless, Ashwin K is kaput.
46 here – suck it d-bags….
Did anyone get rated C this time? I tght they all were gone in the last round. Also is the severance only 2 weeks? No bonus even though a full year was completed?
hearing tomorrow is the big day…too many people around twiddling their thumbs so i can only guess that it will be bad esp for the old barc people
#50 – blow me as we are hiring dozens of good runners from old leh building to various exchanges – if you can hand deliver my prop burger orders really really fast (well well well under a second) then you might be given a consideration
Hi Mr. 52, sorry about your C. Even in this poor economy, I saw a HELP WANTED sign in the window at my local KFC just 2 hours ago. Might want to check it out after you get escorted from the building tomorrow.
I hope all the old barclays people get fired. they’re a bunch of cushioned ass bunch of know-it-alls. this is the best news ever. especially wnuk hope he gets fired for sure.
I hope all the old lehman people get fired. they’re a bunch of cushioned ass bunch of know-it-alls. this is the best news ever. especially @56 hope he gets fired for sure.
ha 57 is a little barclays bitch (note alliteration) pissing his pants
ha 57 is a little barclays bitch (note alliteration) pissing his pants
Nice – Wishing people get fired, what is wrong with society these days?
Have a little decency folks – but maybe that is impossible. I guess the last 20 years have made “I-Bankers” and their entourages into heartless souls that are only able to think of themselves and their next big score.
Given the massive cuts, even the top 10% are now being walked out and yes even the best are being asked to pack it up. Good Luck to all those that take pleasure in others suffering, I hope the Ivy league educations and the stories of working 50 straight hours work out when you tell them to your co-workers on the overnight shift at Wendy’s for three straight months are well received. Please don’t forget to push the yellow bottle for mustard on that hamburger!!
There are another 2,100 people losing their jobs this week and DB posting I-Bankers do nothing but prove what the world already knows. Bankers are bland, boring, status craving folks incapable of surviving without Seamless Web that work all day and night because not even their mothers can stand to be near them.
To those let go at BarcLEH’s, the best of luck
@60 – I’m sorry, but your Eau de Hypocrisy is stinking up this place. Please consult the following site:
http://serenityonlinetherapy.com/depression.htm
Any news from London yet ?
Number 60, you are the biggest loser of all time. No one is interested in your grand verbose response. Hope today is your last on the street.
I agree with 63. 60 will be accessing this site from home tomorrow.
God bless America and it’s Capitalism!
65 you zip it – keep religion out of this. Heads are rolling at BarLeh :(
Any details on the execution? Groups? Ranks? Severance?
Religion? It’s all abt the economists.
Religion? It’s all abt the economists.
Apparently, it has started.
thanks @70- except, per today’s post on it, we already knew.
Will it continue till tomm or after or are we survivors?
All levels and all divisions are hit, including first year analysts. Approx. 20% of first year analysts are laid off.
hearing they fired mostly barclays people and left the lehman guys to run the show. maybe we can have all these lehman idiots run the place to the ground like they did in september
yeah but alot of barclays people already got fired in the first firing round. now lehman’s are going. Being at Barclays in the summer and the way it is now is completely changed, all the heads are changed its tragic. but unlike 60 i still think alot of thier asses needed to be chucked, these bankers think they run ny.