Lehman’s Layoffs: 1,000 - 1,500 Expected
By BankersBall on Aug 28, 2008 in Cube Life, Job Hunting
The official number should come out in the next few days.
NYT that Lehman Brothers is planning on laying off 1,500 employees, or 6 percent of its workforce.
Bloomberg reported a slightly lower number — 1,000 employees. The official announcements are expected to come during Lehman’s Q3 call.
Lehman laid off about 1,400 people in March; in the last 12 months, 6,400 have been sacked.
On Sep 2, 2008, MostOffensive said:
The big question isn’t how may Lehman is laying off, but what part of the bank they come from… Are these back-office cost-cutting measures or are some of these whole divisions of institutional securities?