From the mailbag:
“The ax is coming down in late October/early November– 5 percent of the Global Markets workforce. Names have already been submitted.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Is 5% really that bad?
If you’re among the 5 percent…
What’s the typical turnover?
interesting of you to equate ‘typical turnover’ with layoffs.
Don’t jump the gun now… if you turnover 5% anyway, is this actually a layoff? wouldn’t it have to be 5% of workforce in addition to who they were going to cut anyway? Just asking.
it’s very German of him/her…
So all that mass hiring that was done at most banks have basically been offset in the past month with all these layoffs.
I like your style.
-Ryan Bingham
We discussed your question and we believe it’s “apple”.
We are committed to a diversified workforce engaged in their community.
However, 5% of our analysts have tried to start a communal subway network. They will be rewarded accordingly.
- Deutsche Bank
NOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!OMG!!!!!!! NOOOOOOOOOOOO!!!!!!!!!!AHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!
“But we can achieve nothing without our people. Our highly qualified and focused staff combine expertise with an agility of mind to deliver the services our clients expect, showing the true meaning of ‘a passion to perform’. Their diversity makes Deutsche Bank a very exciting place to work, so if you think you can contribute to the richness and depth of talent in our team, I invite you to join us.”
http://www.db.com/careers/content/en/message_dr_ackermann.html
Speaking of layoffs, today must be Kneale’s last, given his sissy fit
is it true the swiss also suffer from gingervitus, aka they have no souls?
This $hit happens at DE Shaw all the time. It’s no big deal.
I just felt a disturbance in the force. It was as though a billion Collie anuses were wrenched open and the poor doggies suddenly silenced.
5%, pffffsh. Us geniuses know how to double the percentages. Eat it Deutche Bank!
-DE Genius
(Unless, of course you’re Turkish.)
Don’t forget Kirk and Co in the layoffs..
Is there no modern day Schindler to save those targeted for termination?
laying off the 5% that are still hung over from Octoberfest…
no concern
those getting the ax should view it as freedom from the gestapo there. . . .worst place to work. . . . .
db likes to get rid of peopl right before xmas time. ho ho ho ho
MBS pass thru desk has lost hundreds of millions – has been on the wrong side of the trade all year
Turkish: Fuck me, hold tight. What’s that?
Tommy: It’s me belt, Turkish.
Turkish: No, Tommy. There’s a gun in your trousers. What’s a gun doing in your trousers?
Tommy: It’s for protection.
Turkish: Protection from what? “Zee Germans”?
wrong side of the trade until Bill Gross convinces Obama to give everyone a free refi. bad times for anyone buying 6.0s at 108.
The layoffs are happening in Boston as I type this post.
Vait is an ass and is next.
I can’t post on the other page about layoffs at Deutsche Bank. Husband was laid off 11/30 and heard there are more to come in December.