Not to blow our own trumpet, but RBS Greenwich Capital and Barclays Capital are losing staff in CDOs. Let’s just say we saw it coming.

The website Creditflux.com reports that RBS is thought to have let around 10 of its US CDO staff go. It also says Barclays Capital has lost Edward Cahill, its London head of CDOs, and Cahill’s second in command John-Paul Parker; both men are said to have resigned.

Now, don’t call us Gypsy Lee, but we predicted job losses in CDOs a few weeks ago and highlighted RBS and Barclays Capital as the likely sources.

Dick Bove, analyst at Punk Ziegel & Co in the US (who’s been feted for an even greater display of prescience after he downgraded bank stocks just before the current rout), says there will more redundancies to come: “From selling mortgages to packaging and securitising them and creating structured products based around that, anyone in the vertically integrated span of the mortgage business will either lose their jobs or see their incomes cut meaningfully.”

It seems this message is starting to hit home. Alex Tracey, a headhunter at search firm Clifden Partners, says he’s started receiving calls from people working in structured credit who want to move into other asset classes. “They’re motivated by a mixture of compensation concerns and the urge to look at more interesting things,” he says. “They think credit will suffer a bit of a hangover from this and that innovation may be less. Large and relatively unsophisticated markets such as commodities are seen as future markets for product development and in need of derivatives-fluent talent .”