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Layoffs Watch '09: Tears At UBS

Regarding the aforementioned cuts going down at our favorite Swiss bank in town: "They're going to be massive. HR booked a conference room for 2 hours...You can literally hear sobs."
Addtionally: "Everyone knew it was happening since the room was reserved under the HR woman's name. Now the same reservation says "BLOCKED" and all conference rooms have to be scheduled and confirmed verbally with the admin assistant, not through Outlook." Sneaky bastards!
Earlier: Layoffs At UBS