We’re told that cuts have been going down today, Barcap-style. No info on severance, etc, yet.
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Do a seance and ask Bella if she’s heard anything.
Severance is being paid in Hawaiian Tropic Zone gift certificates…cannot be used on alcohol though.
My buddy was let go from Deutsche Securities, 3rd year associate in IBD
Severance will be paid out in Twix bars and reach arounds.
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…..
“Jelly of the Month Club, Clark… the gift that gives all year long.”
@5- cause the site sucks?
Heard Barclays numbers for Analysts are out today, can anybody confirm?
@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).
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.
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.
@10-11
Maybe they’re just getting rid of the rest of the people that don’t know how to use a computer.
@10-11
Maybe they’re just getting rid of the rest of the people that don’t know how to use a computer.
@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?)
@10 I don’t think ‘lack of caliber’ works.
sorry, I mean @14
-15
@12/13 Fail
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.
@18 – Barclehs can trim all the fat it wants but it will never be as ripped and tan as I am
-C. Gas
@18 – Barclehs can trim all the fat it wants but it will never be as ripped and tan as I am
-C. Gas
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
any group in particular? thanks
Any word on bonuses?
man.. the only person they need to keep is the security guard so no one steals the lehman pictures.. rest is garbage
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
where are all the analyst bonus spreadsheets that go around every year? anyone have thoughts?
@26 Your bonus this year is that you get to keep your job. Congrats.
this one is going the lehman way as well..!
There were no layoffs today.
stuff like this happens at barclehs all the time. it’s no big deal.