Layoffs

With Knight Capital Group’s days as an independent entity waning, the Jersey City brokerage’s employees are preparing for the future, so sayeth Charles Gasparino. Read more »

Earlier this month, it was reported that Barclays’ investment bank chief Rich Ricci was working on a little something called Project Mango,* which is similar to Bank of America’s Project New BAC in that one aspect of it involves firing a bunch of people, as part of a plan to revamp the unit. According to the Journal, management is now putting the finishing touches on Project M and all that is left to decide is whether cutting 2,000 IBD jobs is enough or if they should think bigger. Read more »

For the last year or so, Morgan Stanley CEO James Gorman has sent a simple message to employees grumbling about compensation: STFU or GTFO. Now, according to Charles Gasparino, the bank may be telling a few employees to GTFO regardless of whether or not they’ve been bitching about pay. Read more »

  • 12 Dec 2012 at 2:40 PM

Layoffs Watch ’12: Crédit Agricole

Zee French are considering some sackings in the new year. Read more »

Light your candles, hang some mistletoe, ring in 2013, and then come back January 2 prepared to clear out your desk. Read more »

  • 07 Dec 2012 at 4:47 PM

Layoffs Watch ’12: Deutsche Bank (Update)

The Germans are said to have asked a handful of employees to clean out their desks. Read more »

The good news: due to logistical issues, no one will be fired before tonight’s holiday party! The less good news: you’ll likely still be fired eventually. Read more »

  • 05 Dec 2012 at 5:07 PM

Layoffs Watch ’12: Credit Suisse (Again)

More cuts at the House of Dougan, on top of the ones in Russia, were said to have gone down today. Read more »