Are layoffs coming to Wall Street?

6 September 2007

1 minute read

Feeling secure? Many people aren't.

Well more than half of the eFC users we polled last week see layoffs on the horizon. More than 37 percent expect pink slips to begin going out during the fourth quarter, while nearly 32 percent see them coming in 2008. About 15 percent aren't sweating at all, and 16 percent don't know.

So, it doesn't seem like people are in a bright mood. What do you think?

AUTHORMark Feffer

Insider Comment

15 comments

JK
JK
20 November 2007
Hi, I am a NYU graduate student in business journalism. I'm writing a story on what people who have gotten the pink slips are doing now. I'll like to find out how the job search is going, and what opportunities are out there in the market. Please contact me at jkk295@nyu.edu if you are willing to share your experience. Thanks.
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yn
yname
5 November 2007
Hello
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St
Stephen
15 October 2007
Agree, the IBanks created this mess through capturing marketshare and pure greed. I hope the group managers get the pink slip or no pay for the year.
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An
Anonymous
3 October 2007
What about IT guys working in Buy side institutiosn like ML, MS and Lehman brothers?
There are openings for IT guys, but somehow it looks gloomy for future.
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Bi
Biz Techie
26 September 2007
I was laid off 2 months ago from ML in their Debt group. Echo sentiments from others. I have spoken to few firms as "exploratory" meetings but nothing concrete out there. Which firms are laying off?
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