Posted by pthoreson on 28th of Aug 2008 at 01:38 pm
12:27 LEH Lehman Brothers plans to lay off 1,500 - NY Times
(15.44 +0.66) -Update-
NY Times reports the co plans to lay off as many as 1,500
employees, or nearly 6 percent of its work force, before it
announces third-quarter results on Sept. 15, a person briefed on
the plans said Thursday. It was not immediately clear what
divisions would bear the brunt of the new cuts, but virtually every
Wall Street business is struggling, and investment bankers and
traders at Lehman are anticipating cuts.
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Just saw a story on
Neg. Divergence
Posted by pthoreson on 28th of Aug 2008 at 01:09 pm
Just saw a story on the wire that LEH is laying off 6% of its employees. That might throw a glass of cold water on financials at least.
thats what companies do
Posted by delane on 28th of Aug 2008 at 01:16 pm
before they get sold!
12:27 LEH Lehman Brothers plans
Posted by pthoreson on 28th of Aug 2008 at 01:38 pm
12:27 LEH Lehman Brothers plans to lay off 1,500 - NY Times (15.44 +0.66) -Update-
NY Times reports the co plans to lay off as many as 1,500 employees, or nearly 6 percent of its work force, before it announces third-quarter results on Sept. 15, a person briefed on the plans said Thursday. It was not immediately clear what divisions would bear the brunt of the new cuts, but virtually every Wall Street business is struggling, and investment bankers and traders at Lehman are anticipating cuts.