No one, not even the hopeful summer analysts, who really need these jobs, will be spared.
THE LAYOFFS AT BEAR HAVE BEGUN! I'm actually a sophomore who was planning to intern at Bear Stearns this summer. I called the guy I had interviewed with originally this afternoon. He said he was busy, so I agreed to call back after 4:30. At 5 pm, I call, and some other guy picks up and says, "He no longer works here". There you have it...the massacre begins.