Layoffs Watch '10: Schonfeld Securities

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Fifty traders were fired before the long weekend because despite (allegedly) "always caring more than you could imagine for your careers, happiness, well being and future...the career of trading is not a good option for lesser skilled traders going forward."

Schonfeld Dismisses 50 Traders, Cites Rise of Electronic Trades [BW]
Schonfeld Letter [Andrew Coffey]

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