More layoffs coming? Lehman cuts deeper

First, people started to worry about their bonuses. Now, they're worrying about their jobs. And with good reason. The latest: Lehman will layoff about 850 more in its mortgage operations. But the fear is seeping deeper than far-flung mortgage units. Hedge fund and bond unit employees may be getting nervous. The New York Post reports that there is a lot of job fear stalking the bond markets these days. You would have to think that mortgage-backed units staffed up pretty good. So there may be room for layoffs. It seems pretty safe to say that hiring will mostly likely be on hold for a while. While there are some gloomy predictions of mass layoffs, most houses will likely find ways to nip and pare in a bid to downplay the news. Stay tuned.  

For more:
- here's the Post article 
- here's an AP article about Lehman Brothers

Related articles:
- Latest news on hedge funds article
- Crisis takes toll on Lehman and Bear Stearns