• 10 Feb 2009 at 2:17 PM

Layoffs Watch ’09: Lehman Brothers’ Family Jewels Slammed In Drawer

By

The gangrene that has all but killed Lehman has finally spread to otherwise healthy nether regions. Apparently there were deep cuts at Neuberger Berman this morning. Waiting for comment from Einhorny. Stand by.
Update: We’re told that the reduction in headcount was mostly relegated to “support staff” and, percentage-wise, was single digits.

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    Comments (9)

    1. 1
      Posted by guest | February 10, 2009 at 2:24 PM

      you hear anything re: private equity group?

    2. 2
      Posted by guest | February 10, 2009 at 2:24 PM

      the jewels in the drawer imagery has me cringing, thanks

    3. 3
      Posted by guest | February 10, 2009 at 2:24 PM

      Damn, that sucks

    4. 4
      Posted by guest | February 10, 2009 at 2:25 PM

      Too painful , didn’t read

    5. 5
      Posted by guest | February 10, 2009 at 2:27 PM

      Too familiar, didn’t read……
      -John Thain

    6. 6
      Posted by guest | February 10, 2009 at 2:32 PM

      Any idea what groups?

    7. 7
      Posted by guest | February 10, 2009 at 2:37 PM

      Everyone I know at NB (and there are several) works in one of the little money management “fiefdoms” run by a manager and his/her team. That team does the hiring/firing and is responsible for its own P&L.

    8. 8
      Posted by guest | February 10, 2009 at 2:46 PM

      Too Einhorny, didn’t Finkle

    9. 9
      Posted by guest | February 10, 2009 at 3:19 PM

      Or perhaps slammed in the deucage by a commode?

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