Sep 6 2007
Feeling secure? Many people aren't.
Well more than half of the eFC users we polled last week see layoffs on the horizon. More than 37 percent expect pink slips to begin going out during the fourth quarter, while nearly 32 percent see them coming in 2008. About 15 percent aren't sweating at all, and 16 percent don't know.
So, it doesn't seem like people are in a bright mood. What do you think?
Dave, thats not good to hear... maybe you should contact a hedge fund :)
John 07 Sep 2007
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The pink slips are coming to the product areas that have been decimated and will go across trading, research, quants, IT, Operations etc
ANON 10 Sep 2007
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I have been more than two months in the job market...I used to have three calls from recruiters per week in September, 2006
Emil 12 Sep 2007
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Even worse is that employers are looking for someone too specific/doing exactly what they are doing in previous jobs and not looking for transferable skills (and usually candidates won't do exactly what they're doing in their old jobs except for a layoff). And they want to look at tons of candidates, there have been a lot of positions getting reposted and reposted in eFC and other sites. Seems like employers are "opportunistically" hiring and not really hiring.
GG 17 Sep 2007
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I have been in active search mode for over 5 months and find there are plently of jobs posted, I get lots of calls or emails, but the decision/hiring process is onerous and job descriptions very specific. As GG, mentioned hiring managers are not as open to transferrable skills or extensive experience that was obtained over 5 years ago. So I think in some cases that employers are "selectively" hiring and using external candidates as benchmarks against internal one.
JMD 20 Sep 2007
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Received my pink slip two months ago. No trades, no salary. Maybe if wallstreet actually learned how to underwrite a residential mortgage loan and stopped being so greedy, we all wouldnt be in the situation we are now.
Christine 20 Sep 2007
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I'm in leveraged finance at a BB in NY. They told us today to expect layoffs within the next few weeks...
Becky 25 Sep 2007
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I was laid off 2 months ago from ML in their Debt group. Echo sentiments from others. I have spoken to few firms as "exploratory" meetings but nothing concrete out there. Which firms are laying off?
Biz Techie 25 Sep 2007
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Here's something to consider. According to our poll, eFC users believe the first to suffer will be:
MD level staff: - 23.6%
VP level staff: - 29.8%
Associates: - 19.2%
Analysts: - 21.3%
Cleaning Crew: - 6.1%
Mark Feffer 25 Sep 2007
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* Mandatory
Equity Research Associate- Transportati...
Macquarie Holdings
USA-NY-New York City
Equity Research Associate- Life Insuran...
Macquarie Holdings
USA-IL-Chicago
Equity Research Associate- Sm/Midcap - C...
Macquarie Holdings
USA-NY-New York City
Macquarie Holdings
USA-NY-New York City
Senior Vice President/Director, North Am...
Macquarie Holdings
USA-NY-New York City
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Got my pink slip today, and hiring looks terrible if you are going into fixed income/CMBS.
Dave 06 Sep 2007
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