• 11 Nov 2011 at 1:18 PM

MF Global Is Hiring

By Bess Levin

Only stipulation is that you were recently fired by the firm.

MF Global Inc. fired 1,066 employees at the U.S. broker-dealer today, according to the trustee’s office responsible for liquidating the unit. None of the laid-off employees will get severance pay, deferred compensation or bonuses, the source said. They’ll receive health coverage through the end of November. Employees will get salaries through November 15 and the offices in New York City will be closed as soon as possible. Smaller and less expensive office space will rented.

The trustee’s office responsible for liquidating MF Global Inc., the U.S. broker-dealer unit of MF Global Holdings Ltd., said between 150 and 200 former employees are being rehired to assist in the wind down of the business and processing of bankruptcy claims. A source with direct knowledge of the matter said some of the people who are being fired have been assisting in the investigation of missing customer funds estimated to total about $600 million. The Department of Justice and the Commodity Futures Trading Commission are conducting an investigation into the missing money.

MF Global Inc. Fires 1,066 Employees [FINS]

Comments (21)

  1. 1
    Posted by Guest | November 11, 2011 at 1:29 PM

    Let us know if you need help structuring the exit, re-entry, and inevitable re-exit interview process.

    -GS HR

  2. 2
    Posted by call me | November 11, 2011 at 1:31 PM

    -LEH Holdings wind down VP

  3. 3
    Posted by 2StopShop | November 11, 2011 at 1:39 PM

    Is getting health insurance through the end of November the NKI?

  4. 4
    Posted by pazzo83 | November 11, 2011 at 1:40 PM

    Wouldn't know…

    - UBS MD

  5. 5
    Posted by White House | November 11, 2011 at 1:48 PM

    MFG hiring 150-200…..another win for my administration.

    –BHO

  6. 6
    Posted by Gelderman Guy | November 11, 2011 at 1:51 PM

    I told you it would happen some day! How does it feel now hot shots?

  7. 7
    Posted by guest | November 11, 2011 at 1:51 PM

    where's the 'bummer' tag?

    or maybe it doesn't really apply here.

  8. 8
    Posted by Guest | November 11, 2011 at 1:55 PM

    Damn I was really hoping for a MF Global hotel popcorn party this year.

    -Yale '13, B.A. Russian Literature

  9. 9
    Posted by Guest | November 11, 2011 at 1:58 PM

    Mother Fucking Global

    - One of the 850-900

  10. 10
    Posted by geoffgeoffgeoff | November 11, 2011 at 2:04 PM

    Sad trombones need to merge with chariot trumpets in order to survive.

  11. 11
    Posted by ShortNaked | November 11, 2011 at 2:07 PM

    I wasnt fired I was laid off but you wouldnt know the difference!

  12. 12
    Posted by Guest | November 11, 2011 at 2:31 PM

    Finally, someone is hiring zombies!

  13. 13
    Posted by wahoo | November 11, 2011 at 2:39 PM

    It's my fancy sauce.

  14. 14
    Posted by Kelley MBA | November 11, 2011 at 3:32 PM

    Will I be contacted by a headhunter or do I have to reach out directly?

  15. 15
    Posted by guest | November 11, 2011 at 3:54 PM

    I just wanna know where the gold at?

  16. 16
    Posted by Merritt Parkway | November 11, 2011 at 5:03 PM

    Condolences and wish you guys all the very best in the time ahead.

  17. 17
    Posted by Edmond Dantes | November 11, 2011 at 6:00 PM

    WSJ says MF Global UK + US paid themselves bonuses just prior to bankruptcy so which anonymous source is telling the truth?
    http://blogs.wsj.com/marketbeat/2011/11/08/mf-glo...

  18. 18
    Posted by Unemployed | November 11, 2011 at 6:12 PM

    Nope. All I got was an MF shirt and a mousepad.

    -MF employee

  19. 19
    Posted by Crooked Quack | November 11, 2011 at 8:15 PM

    Anyone here need a 'necessary' and incredibly expensive procedure before the end of November?

  20. 20
    Posted by pazzo84 | November 12, 2011 at 3:44 PM

    An MD without health insurance is the NKI

  21. 21
    Posted by HFguy | November 14, 2011 at 1:27 PM

    I am very sorry to hear that. Hope you find a better job soon. All the best.

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