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Hedge funds in layoff mode

December 3, 2008 — 2:09pm ET | By Jim Kim
It's hardly surprising that hedge funds are in layoff mode. Headhunters say it's unclear how deeply hedge funds will cut, and many of the layoffs have been enacted stealthily. IDD reports that many... Read more...

Big layoffs coming at Merrill Lynch

December 1, 2008 — 4:48pm ET | By Jim Kim
Bank of America and Merrill Lynch expect to close on their deal by the end of the year. But before then we're likely to see some changes. The success of the deal really turns on efficiencies, and... Read more...

Are a lot more job cuts coming?

November 6, 2008 — 1:21pm ET | By Jim Kim
Have we seen the worst of financial services job cuts? Well, here's one way to look at it: If banks were bent on maintaining their compensation ratio--that is, their compensation costs as a... Read more...

Hedge fund pain will only worsen

October 17, 2008 — 1:51pm ET | By Jim Kim
Bloomberg reports that the hedge fund industry may slash up to 10,000 jobs soon, on top of the 3,000 to 5,000 jobs that have already been cut. This was hardly expected. The golden era of hedge funds... Read more...

View from the trenches: The bond market

October 2, 2008 — 12:56pm ET | By Jim Kim
It remains to be seen if the credit crisis will usher in an actual recession, but the pain is now being felt far beyond Wall Street. The commercial paper market has effectively ground to a near halt.... Read more...

Report from Lehman's building

September 15, 2008 — 9:46am ET | By Jim Kim
You've got to feel for the thousands of Lehman Brothers employees, who are being dumped on one of the worst Wall Street job markets in years. As they filed out of their Times Square building, a cop... Read more...

Wall Street firms to axe more jobs this fall?

September 3, 2008 — 9:14am ET | By Jim Kim
Summer proved to be a cruel season on Wall Street. The bloodletting was fierce. But as Breakingviews notes, the picture could get even worse come fall. Historically, job cuts have been mild in the... Read more...

Lehman Brothers to lay off 1,500

August 28, 2008 — 5:26pm ET | By Jim Kim
The New York Times reports that Lehman Brothers will lay off about 6 percent of its workforce, or about 1,500 employees. That brings the total axed jobs to 7,500 since June 2007. You have to think... Read more...

Now hear this: Morgan Stanley is hiring

July 31, 2008 — 1:09pm ET | By Jim Kim
People tend to assume that getting hired on Wall Street right now is all but impossible--with all the layoffs. For John Mack, CEO of Morgan Stanley, that spells... Read more...

Is now the best time to start a hedge fund?

July 17, 2008 — 2:27pm ET | By Jim Kim
We've noted the barriers to entry in the hedge fund industry seem to be growing, especially for those who do not carry a lot of capital with them. It seems you... Read more...
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