Results tagged “Layoffs” from Dealbreaker

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Would You Like To Hear Our Specials?

For those of you who swear you saw some guy who used to work a couple seats away serving bottles of Mouton-Rothschild at the restaurant you had dinner at last weekend, your eyes may not be deceiving you. From Ordering...

Layoffs Watch '09: HSBC London

A gaggle of employees in leveraged finance were told to leave at not come back at HSBC across the pond this afternoon. Severance is apparently 6 months. Asses in the US are so far intact (this morning) but "rumors are...

Layoffs Watch '09: RBS

RBS apparently laid off its entire Leveraged Finance Group globally yesterday, which, we're told, "includes everyone (Group heads, MDs, VPs, Associates and Analysts) at their New York office, LA office, London headquarters and multiple other European offices." Tipster Fred Goodwin...

Layoff Rumors: RBS

It is expected that 2,800 heads will roll at Royal Bank of Scotland. Global Banking and Markets (GBM) is the hatchetman de jour. Brace yourselves, dear friends....

Layoffs Watch '08: Condolences To Those Of You Still Employed

Tommy Kim, 27, formerly of UBS, for example, logged 37 days of snowboarding in 2008 after being fired last January. "When I got laid off, it was like, hallelujah," he said. After the snow melted, he came back to New...

Amex Encourages Employees To Fire Each Other

When layoffs season really got into full swing, we urged you to get creative regarding how you went about firing people. (A few out of the box ideas included: "A game of Assassin," "turn off all the lights for five...

Layoffs Watch '08: JPMorgan

Bearpont Morgan Stearns is said to be canning fifteen percent of its research staff this week. Severance is two months plus two weeks for every year with the firm....

Layoffs Watch '08: Deutsche Bank

It wasn't just "a bunch of associates" who got fired last week from DB. Apparently a whopping thirty percent of first year analyst got canned on Wednesday, bonus day....

Layoffs Watch '08: Wachovia

Wachovia Capital Markets is said to have laid off approximately ten percent of its equity research staff yesterday. I think we all know what that place needs....

Tomorrow, We'll Go Investigate How Things Are Looking In UBS's Back Office

Whether you're looking for employment or just ass in the vicinity of Grand Central, take note: a male temp'ing tipster informs us that "there are high grade women to be found in Barclays' investment bank." And no, we did not...

Layoffs Watch '08: Merrill Lynch

MER London is said to have laid off 20 percent of its first years today. Three months severance, no bonus. Makes five minutes in Citi's JO&C'ing room look pretty good, doesn't it?...

Layoffs Watch '08: BoA

Bank of America announced this afternoon that three percent of its employees will indeed "reap the benefits of what [Countrywide] has sowed." About 7,500 jobs will be eliminated over the next two years, beginning in the third quarter. Bank of...

Someone Hire This Man (Specifically Looking For A Gig In Asset Valuation Management But Will Take What He Can Get)

Perhaps you've already seen him walking up and down Park these last couple days and are well aware of his plight, but Joshua Persky, the guy wearing a sandwich board proclaiming his education and current career goals ("experienced MIT...

Canned? Cheer Up!

Unemployment got ya down? Perhaps this little bit of perspective from DealBook will make you feel better about no longer having a reason to stay on top of personal hygiene-- you are not alone! Wall Street's been laying people off...

Layoffs Watch '08: Credit Suisse To Can Both Essential And Non-Essential Employees At Some Point In The Future

The Post reports that the marginally more successful, slightly less tax-evading Swiss bank in town plans to distribute a handful of pink slips in investment banking, probably around the time it mentions a sizable writedown with its second quarter earnings,...

Wachovia Adds Element Of Surprise To Layoffs

Wachovia was rumored to have begun laying off employees in its Charlotte investment bank yesterday afternoon, and apparently the cannings have spilled over into today. What's taking so long? The only explanation we can come up with is that, having...

DealBreaker's Guide To Getting Laid Off: A Modest Resignation Notice

So you're a first year and just got laid off, excuse me, finished your course load early. Not much left to do but pack up your shit and mosey on out of there, right? Wrong, you unimaginative fucks. First, you...

Who's Most Likely To Get Fired? VPs, Second Only To Drug-Using CEOs, Says Breaking Views

[click to view] And now, because all of this population restructuring talk is getting depressing, a little treat. Many of you will recognize it as porn, but we assure you it's 100 percent safe for work....

Layoffs Watch '08: Wachovia

Apparently Wachovia is laying off "a lot of" its Charlotte industrial group this morning. According to someone familiar with the proceedings, "all conference rooms on that floor have been booked, and boxes of Kleenex are on hand." Will the presiding...

Jim Cramer: The Jim Cramer Gravy Train Is Over

There is no telling what the broader economic implications will be, but Jim Cramer announced today via his New York magazine column that the Jim Cramer Wall Street job window is closed. He will no longer be passing out any...