tough breaks

  • 20 Mar 2014 at 4:08 PM

Layoffs Watch ’14: Deutsche Bank

Zee Germans are mulling over cutting their own, at all levels. Read more »

  • 19 Mar 2014 at 11:45 AM

Layoffs Watch ’14: Bank of America

A small number of employees will be bidding the House of Moynihan adieu today. Read more »

  • 03 Jun 2013 at 3:39 PM

Layoffs Watch ’13: UBS O’Connor

UBS’s O’Connor LLC, the Swiss bank’s hedge fund that provoked the ire of many an employee last March, when it treated them like regular old UBS employees come pay day, causing them to “contact other hedge funds and recruiters” to explore options, has followed up its last act with one entitled “Don’t let the door hit you on the way out.” 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 »

  • 11 Dec 2012 at 4:33 PM

Layoffs Watch ’12: Deutche Bank

Cuts are said to have gone down at the other DB. Read more »

  • 01 Aug 2012 at 4:59 PM

Layoffs Watch ’12: Jefferies

Cuts are said to have down at the best paid bank on Wall Street. Read more »

You know what has got to suck? When you decide to start charging stuff that doesn’t fall under “business expenses” to your corporate card and engage in a few other amateur hours scams that probably would have gone unnoticed (or, if discovered, not taken to the authorities because the boss had high tolerance for fraud) but then they are because the CEO of your firm had to go and engage in the largest Ponzi scheme on record, which shone an uncomfortable light on company personnel and all of the cheese, popcorn, and salsa of the month clubs you joined (for example).  Craig Kugel knows what we’re talking about. Read more »