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Constant Fear of Layoffs, Bankruptcy & Mergers

Posted by Onlineguru • 9/15/08 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: acquisitions, bankruptcy, layoffs, lehman brothers, mergers

More layoffs are predicted at Lehman Brothers. Those working for investment banking industry are in constant state of fear. Who will be the next.... layoffs hurt society - economically, socially and psychologically. My recent post is on "Mergers, acquisitions and bankruptcy - Who is next?" www.thebankingworld.com/2008/09/mergers-acquisitions-and-bankruptcy-who.htm...

What is your opinion on this issue?

User Comments

9/15/08

Ranu

I must say the news of layoffs is terrible. Even when acquisitions are taking place you never know who all will be kicked out.

Synergy is not always beneficial for the employees.

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9/15/08

Sanjeeb

Interesting post. Layoffs in Citibank will definitely be an alarming situation. I don't think investment banking will face such a rough time. But you never know...

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1. 9/15/08
  
  Ranu
  
  Yeah, Sanjeeb...we all hope so.
9/15/08

Onlineguru

It's good to be optimistic. Optimism doesn't change the market reality. Investment banking is going through a bad time period.

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9/15/08

csiunatc

These companies have been run into the ground. The Fannie/Freddie situation was a great example. Although im not for corporate bailouts, that one had to be done or the economy would be in a world of hurt.

Lehman on the other hand, has to be dropped.

yes, people are being laid off, but those that have gambled too highly shouldn't be rewarded. That doesn't breed fiscal responsibility. Maybe by breaking some eggs, the rest will learn what not to do in the future.

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