Layoffs Watch '08: HSBC, Countrywide


HSBC supposedly just laid off its entire New York correlation desk. Word is their London counterpart is "probably soon to follow." If you run into a bunch of sad looking kids tonight saying/spelling out entire phrases that would normally be reduced to acronyms, buy them a drink. They're probably unemployed.
In related news, Bank of America is paying David Sambol, the Pestilence to Angelo Mozilo's Plague, $28 million to walk away.


Layoffs Watch '15: HSBC Probably Going To Cut 20,000 Jobs

Or it could be a mere 10,000. The details are still being hammered out.