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johnjacobjingle's picture

BarLehs layoffs?

BarLehs layoffs?

Dealbreaker is reporting layoffs. Can someone spill the specifics?

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Juwanna Mann's picture

lots of cuts

Real Estate, Lev Fin, Sponsors, and FIG have all been hit as far as I know. Evidently trading is going to get it pretty bad too.

johnjacobjingle's picture

sent you a PM, look for it.

sent you a PM, look for it.

HerSerendipity's picture

I will concur. Blood bath

I will concur. Blood bath over there in IBD today. More to come definitely in the next few days. *note this is what I've heard from the former Leh employees.

Not sure what happened in Cap markets or real estate.

jackofalltrades's picture

it's definitely "Barcleh's"

it's definitely "Barcleh's" ...with a "C" in there

b2's picture

Ah, and news breaks that

Ah, and news breaks that more MDs are jumping ship... how long til this place collapses...

Clueless Wanderer's picture

Eh...it's not exactly

Eh...it's not exactly surprising that there are layoffs..everyone knew this was going to happen

Real Estate, LevFin, and FinSponsors being affected is not a surprise. FIG getting hit hard is surprising.

Anyway, you will definitely see more cuts, especially in FI.

When BofA and ML merge, God knows what that is going to look like...

bkm125's picture

Doesn't b2 work at Merrill?

Doesn't b2 work at Merrill?

WxOnWallStreet's picture

I think that would be

I think that would be beneath him.

bkm125's picture

I don't know - it just

I don't know - it just sounded like it from some of his earlier posts.

b2's picture

Merrill? pfft... try 3 notches up

WxOnWallStreet wrote:

I think that would be beneath him.

You know me too well... :)

johnjacobjingle's picture

b2--what links are you using

b2--what links are you using to get this info>

b2's picture

what info?

what info?

bkm125's picture

b2 - then why were you so

b2 - then why were you so concerned about exit ops from various groups at ML?

johnjacobjingle's picture

.

b2 wrote:

Ah, and news breaks that more MDs are jumping ship... how long til this place collapses...

this info--where from

HerSerendipity's picture

Well, I have to back up b2

Well, I have to back up b2 on this one as well (re: MDs jumping ship). UBS just hired a top tech banker from LEH (nytimes from monday I think). Some MDs are definitely getting guarantees to stay along with some of their teams.

johnjacobjingle's picture

Dealbreaker reports more.

Dealbreaker reports more. anyone know?

coverthis's picture

wow, b2 was right for a

wow, b2 was right for a change... guess the guy isn't 100% retarded. he still won't man up and answer the questions brought against him in other threads. what a complete pussy.