• 09 Aug 2010 at 10:15 AM

Unfounded Rumor Of The Morning: Barclays Cuts This Week?

By Bess Levin

Re: the previously rumored cuts at BarCap, expected to supposedly affect 7% of the global headcount:

A source close to Phil Mickelson tells us: “Indications are now that the redundancies will be implemented en masse on Wednesday, 11 August.”

Comments (13)

  1. 1
    Posted by Pfluger the Barbarian | August 9, 2010 at 10:29 AM

    I’ve “created” millions of jobs by implementing redundancies.

    - BHO

  2. 2
    Posted by Anonymous | August 9, 2010 at 10:38 AM

    I’m on my way

    -WideClops

  3. 3
    Posted by Anonymous | August 9, 2010 at 10:39 AM

    Barclays = Lacy Bras

    - The perverted anagrammar

  4. 4
    Posted by Anonymous | August 9, 2010 at 10:42 AM

    Anybody else have crazy monkey sex this weekend?

  5. 5
    Posted by Anonymous | August 9, 2010 at 10:44 AM

    And Phil hit 7% of the fairways at Firestone. Coincidence? I think not.

  6. 6
    Posted by Anonymous | August 9, 2010 at 10:52 AM

    Can only hope that the “one and only” Steve Berkenfeld is finally recognized for all his “great” attributes and is one of the cuts.

  7. 7
    Posted by Anonymous | August 9, 2010 at 10:52 AM

    @5 definitely not a coincidence…that’s how the brits roll, all decisions are made based on Big Phil’s performance…former LEH quant strategy.

  8. 8
    Posted by Anonymous | August 9, 2010 at 10:55 AM

    @ 4 = Bernie Madoff, who needs to examine his motives

  9. 9
    Posted by Anonymous | August 9, 2010 at 11:14 AM

    @4, no, and it’s been 10 months now. tell congress to extend sex worker unemployment benefits.

  10. 10
    Posted by Not a past or current employee of Barclays | August 9, 2010 at 1:14 PM

    These basta**s were hiring like it’s nobody’s business. Why the F do you hire more people when you don’t need them? Very English..

  11. 11
    Posted by MTA Bus driver | August 9, 2010 at 2:07 PM

    I have great job security. Dont mess with me.

  12. 12
    Posted by 745er | August 9, 2010 at 2:39 PM

    @10. Damn right they have been hiring like crazy. Would be surprised if rumors are true…

  13. 13
    Posted by John | August 12, 2010 at 10:52 AM

    lot of these is completed in Singapore. Some hires were as old as 6 months

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