The previously rumored layoffs at BarCap, expected to affect 7% of the global staff, are apparently going down circa now in New York. That’s all the info we have right at the moment.
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Oh snap! I still have my job, for now. Read that includes 300 back office staff…
Least you won’t have to walk through Times Square anymore…
layoffs are so 2009
What about them Blackrockers? Are they staying pat?
Would this affect incoming analysts?
Rumors are the entire new analyst class is being cut
It would only after outgoing anal-ysts.
This is all so Piper Jaffray-ish.
The blame for this clearly rests at the feet of one Charles Gasparino.
In Soviet Russia, offs lay you! What are the 1st year associate numbers? Are they making space for Kouwe? etc. DB standards
@5 I feel sorry for any incoming analysts ANYWHERE. You should have chosen another profession. You are about to get scissor-fucked by another double-dip recession.
I suppose there is always regional commercial banks if all else fails
RIP to “The Boss.” I remember the first time I heard Glory Days
another huge round of wall street layoffs as the depression in the US grows worse…..
In the picture shouldn’t the picture be updated to ‘%s/p\(layoffs\)/\1/g’?
Nobody cares because they’re bankers and no longer have souls.
Barclays ????
They have a presence here ???????????
hahahahahaha
@14 your comment is lost to 99.9999..% of the people reading it
Wideclops! Damn you, you fuck me boot wearing closet bitch!
@18, splendid.
- Inventor of ‘Wideclops’ Moniker
I wanna talk to you today about somethin i read on dealbreaker that just made me sick. if you wanna go after one of my employees, you go after one that don’t do the right things. you don’t downgrade SEVEN PERCENT of them because he does everything right and might not always perform as well Monday thru Friday – you let us make that decision. that’s why i don’t read dealbreaker. because it’s GARBAGE. and BETH, the editor, who let it come out – IS GARBAGE. come after me. i’m a man. i’m well over 40. write something about me, or our VPs. don’t write about 7% of my employees who do everything right, and who will have their HEARTS BROKEN, and then make fun of them for being scared. THAT AINT TRUE! So get your facts straight. And I hope one day you have a child and somebody lays them off and belittles them, and you have to look 7% of him in the eye and say, “you know what, it’s ok”. That’s all I got to say… makes me want to puke.
-John Varley
p.s. this one’s for Cliff
@17 DB doesn’t have that many readers.
Bess,
Guess the close? Since the market is currently taking a Bono…
Yep it happened in NY. Some major cuts and restructuring.
@21 your comment would’ve had more value if you’d noticed 17 was speaking in percentages.
Ha, @21s comment would have been fitting if he would’ve signed it
~LEH quant
I heard that the US associates being fired were going to start their own firm and resurrect the Lehman name.
@17 probably more like 80, 85%.
and bess strictly speaking 99.9999% implies a million readers. Unless you count Ping Capital employees as half a person.
Is Berkenfeld gone? I hope!!
@27 not by sig fig rules!
@21 Nice.
He knew it was percentages, Bess. That’s why it is even funnier.
- Jeff Reez
27 is fucking retarded.
@17, you win the ‘blinding glimpse of the obvious award’ today
@32 = nat gas basis trader, colgate grad, didn’t get @14 or @27
Lay me off anytime..Oh yeah..Has anyone laid off Kyle Jones lately..what a biat..
I wish I could get my job back
- ZK
@32 maybe he likes slow girls!
Did Phil make the cut?
No, but Michele Wie did.
@28 Only a craven douche would disparage someone such as terrific as Steven B under the moniker ‘anonymous’. If you have issues with Steven, man up and confront him. If not, shut the f up, quit the trolling and go back into your anonymous K hole.
http://blogs.wsj.com/deals/2010/08/11/barclays-layoffs-the-first-of-many-axes-to-fall/
@4 Blackrockers are fine.