As you may have heard (or witnessed firsthand), a whole bunch of banks are planning on laying off staff in the next couple months, with estimates for carnage in New York alone in the thousands. Barclays has already made cuts (on several occasions), and, as previously mentioned, Morgan Stanley and Credit Suisse have similar ideas in mind, as does UBS. Most disturbingly? Goldman Sachs, which should be immune to this stuff, will be letting people go as well and what’s worse, there’s no sign or word from the bank that this is merely part of its yearly exercise in which they lop off the bottom, least Sachy members of the group. Also? We’re going to say it in a whispery voice so as not to freak anyone out but: bonuses may be compromised. Continue reading »