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Layoffs Watch '07: Bear Stearns Is Back

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Haven’t heard much from the Bear Stearns Department of Failure lately, have we? Probably because everyone’s too busy piling on Merrill and Stan (including Bear Stearns, which may have something to do with some unresolved anger toward MER for sort of screwing BSC this summer by grabbing assets from the funds with the impractically long names, and accelerating their demise). Good to know things are apparently still chugging along, business as usual: we’ve heard from a few places (probably all Stan O’Neal, calling from different numbers to throw us off) that Bear Stearns laid off approximately 600 people today, across all lines. Did you hear that, too?