Lesson #3: Everyone loves a catchy tune.
According to a report from Reuters, SAC Capital has laid off “a dozen marketing and sales people,” a move that makes sense in light of the fact that the firm is fast headed towards family office status, leaving little/no need for staffers to pitch outside investors. (The ones who held onto their jobs were presumably retained to target the couple of Cohens who need convincing.) In related news, Millenium Advisors has crossed a line in the sand. Read more »
The UK firm’s decision to cut 1/3 of its staff is said to be part of a “strategic” plan to stop losing money. Read more »
Get a jump on packing up your belongings, because according to Whitney, 100,000 of you are done here. Read more »
Cuts have gone down at the House o’ Moynihan. Read more »
Stephen Hester is in good company. Read more »
The House of Morgan is about to have to have some pissed off people in upstate New York and the west coast of Florida on its hands. Read more »