Posted by guest , Jun 18, 2009 1:42PM

My buddy was let go from Deutsche Securities, 3rd year associate in IBD

Posted by guest , Jun 18, 2009 1:48PM

Severance will be paid out in Twix bars and reach arounds.

Posted by guest , Jun 18, 2009 1:49PM

I just realized I haven't checked Clusterstock all day. All the short crude oil people and short natty traders are squealin' like pigs caught under a gate! Busy, busy, busy.....

Posted by guest , Jun 18, 2009 1:51PM

"Jelly of the Month Club, Clark... the gift that gives all year long."

Posted by guest , Jun 18, 2009 1:52PM

@5- cause the site sucks?

Posted by guest , Jun 18, 2009 1:58PM

Heard Barclays numbers for Analysts are out today, can anybody confirm?

Posted by guest , Jun 18, 2009 2:02PM

@4, I will take the Twix, but hold the reach. The reach arounds at Barclays are somewhat tender, awkward, but ultimately unsatisfying. Whereas the ones given at BoonesofA are prison quality raw (assuming you are from Merril). The heritage guys get nothing (surprise).

Posted by guest , Jun 18, 2009 2:36PM

As a former employee of Barc/Leh, I'm surprised they're still doing layoffs. Who is left? They just did a massive round a few weeks ago with major heads of groups getting cut. This is like their 8th round of layoffs since it began early 2008.

Posted by guest , Jun 18, 2009 2:39PM

As a former employee of Barc/Leh, I'm surprised they're still doing layoffs. Who is left? They just did a massive round a few weeks ago with major heads of groups getting cut. This is like their 8th round of layoffs since it began early 2008.

Posted by guest , Jun 18, 2009 2:44PM

@10-11

Maybe they're just getting rid of the rest of the people that don't know how to use a computer.

Posted by guest , Jun 18, 2009 2:49PM

@10-11

Maybe they're just getting rid of the rest of the people that don't know how to use a computer.

Posted by guest , Jun 18, 2009 2:49PM

@10 - With the legacy LEH guys gone, either voluntarily or involuntarily, they realized the lack of caliber of the ones that remained. So someone up there pulled out his calculator and did some math and realized that it's a better biz to rid of the low-performing majority and used the $ & headcount to lure talent. Barcap - back in the poaching biz!! (oh, did I mention that the brit companies almost always do things slower than their american counterparts?)

Posted by guest , Jun 18, 2009 3:09PM

@10 I don't think 'lack of caliber' works.

Posted by guest , Jun 18, 2009 3:12PM

sorry, I mean @14
-15

Posted by guest , Jun 18, 2009 3:29PM

@12/13 Fail

Posted by guest , Jun 18, 2009 3:33PM

not surprising -- anytime you have a big merger w/ lots of overlap you'll need to have several rounds of fat trimming because a lot of that fat is hiding amongst the muscle and it takes time to find it all.

Posted by guest , Jun 18, 2009 3:36PM

@18 - Barclehs can trim all the fat it wants but it will never be as ripped and tan as I am

-C. Gas

Posted by guest , Jun 18, 2009 3:38PM

@18 - Barclehs can trim all the fat it wants but it will never be as ripped and tan as I am

-C. Gas

Posted by guest , Jun 18, 2009 3:41PM

Who the f is gonna do any business with barcleh? come on! these guys are going out of business with previously TARPed companies making a comeback

Posted by guest , Jun 18, 2009 3:48PM

any group in particular? thanks

Posted by guest , Jun 18, 2009 3:51PM

Any word on bonuses?

Posted by guest , Jun 18, 2009 4:02PM

man.. the only person they need to keep is the security guard so no one steals the lehman pictures.. rest is garbage

Posted by guest , Jun 18, 2009 4:21PM

Severance was a slice of fin from a coked up Mexican Cocaine Shark. They all left the office with a detached air about them.

W I D E C L O P S

Posted by guest , Jun 18, 2009 4:43PM

where are all the analyst bonus spreadsheets that go around every year? anyone have thoughts?

Posted by guest , Jun 18, 2009 5:45PM

@26 Your bonus this year is that you get to keep your job. Congrats.

Posted by guest , Jun 18, 2009 7:49PM

this one is going the lehman way as well..!

Posted by guest , Jun 18, 2009 10:04PM

There were no layoffs today.

Posted by guest , Jun 19, 2009 12:03AM

stuff like this happens at barclehs all the time. it's no big deal.