The Deal
Saturday, November 21, 
9:58 am

More Lehman layoffs

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Pink_Slip_transparent.gifThe credit crunch is continuing to cut Wall Street ranks. More layoffs are now expected at Lehman Brothers Inc., which has laid off more than 5,000 people since mid-2007. The firm will cut another 1,300 jobs globally in all divisions of the bank, which employs 28,080 people in the U.S. However, Lehman employees are not the only ones under the gun. Goldman, Sachs & Co., Morgan Stanley, UBS and Bear Stearns Cos. are all expected to dole out pink slips. - Maria Woehr

See Dealscape's Bear Stearns layoffs begin
See Dealscape's Layoffs continue on the Street
See Dealscape's The Street is covered with pink slips

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Comments

From: eric gates,

lehman still has 25,000 employees sitting around doing nothing all day except scratching their heads and nuts in bewilderment. i know people who work there...making in excess of $300,000 a year...who are dumber than a bag of rocks and re-employable as...hmm...perhaps pontiac salesmen.

lehman is a dying animal...will hundreds of millions ($$) of illiquid, dog-crap assets on it's balance sheet.

the health care expenses of the employees' spouses and dependents alone... is enough to bury these nitwits.


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