Layoffs Watch '08: SAC, Sigma


Supposedly "big cuts" are happening up at SAC circa now. Apparently the cannings, which have been going on "for a bit," are across the board, and include employees in CR Intrinsic. We knew things were bad at the Big Guy's house but this is quite disheartening. Fingers crossed that holiday party is still on, as Gary Busey has already rented his tux. Pruning is also said to be occurring today at Sigma Capital Management, including the dismissal of PM Julie Macklowe, Billy-boy's wife.
Related: SAC Capital Taking A Breather