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(Yahoo) Followup Morgan Stanley laying off 580. Maybe more of them should have jumped in 2008   (finance.yahoo.com) divider line 20
More: Followup, Morgan Stanley, ticker symbol, New York, Park Ave, Rolling Meadows, Ponzi, publicly traded company, Bank of America  
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515 clicks; posted to Business » on 28 Dec 2011 at 12:43 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



20 Comments   (+0 »)
   
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2011-12-28 11:09:59 AM
farm4.staticflickr.com
 
2011-12-28 12:50:59 PM
Done in one.
 
2011-12-28 01:10:39 PM
Hey, it's never too late
 
2011-12-28 01:14:20 PM
I've always considered Morgan Stanley at least a tiny bit better than the other parasites - they opensourced Aplus , their proprietary APL-based language, once they moved on to a different platform, instead of burying it like most other companies would.
 
2011-12-28 02:03:28 PM
Well, duh. The 7970 is going to be here in 6 days.


/Not often do you get to make a joke about GPUs.
 
2011-12-28 02:13:48 PM
Well, shiat.

/close friend of mine works there
//not in a "farking up the world" capacity
 
2011-12-28 02:20:02 PM
Any of them from the risk management department?

www.hollywoodreporter.com

/hot like a margin call
 
2011-12-28 02:53:04 PM
What is wrong with you people? Can't you see that these poor thieves Wall Streeters need help?

We could push them.
 
2011-12-28 03:02:21 PM
But it won't involve anyone eligible for a bonus.
 
2011-12-28 03:08:31 PM
They could become Fark mods.
 
2011-12-28 03:13:55 PM
sucks people are going to lose their jobs.

But since most of their jobs could be replaced by a computer script not surprised.
 
2011-12-28 03:27:10 PM
Another Government Employee: But it won't involve anyone eligible for a bonus.

Actually they probably all were bonus eligible. You get rid of them before bonuses are paid so that there are fewer people to spread the pool to.
 
2011-12-28 04:17:08 PM
Poor job creaters.
 
2011-12-28 07:42:20 PM
As someone who was informed after working my ass off all Christmas weekend that our company won't be giving out time-and-a-half pay this year, I can but laugh.

Beats cryin' or punching someone.
 
2011-12-28 07:55:47 PM
1%ers welcome to the 99%.

Problem?
 
2011-12-28 08:18:53 PM
This just in: Morgan Stanley to open offices in low-cost regions, having let go of their middle- and lower- tier employees in the NYC area.

/guess where I used to work ?
/guess where my job moved?
/guess what? Once they had my replacement hired and up to speed (in middle-america) they let me go (from New York City).
 
2011-12-28 09:56:40 PM
kindms: But since most of their jobs could be replaced by a computer script not surprised.

At my last company during my first week of work I met a woman who worked in the data center control room but didn't monitor any systems. When I asked her what her job was, she said she synced one of the company directories with another every night to reflect changes (it was Banner syncing to Sun LDAP). I was trying to impress my boss, so I scripted the sync and scheduled it to run three times a day, which at the time was a vast improvement over waiting for this woman to run the job whenever she felt like it.

They laid her off a month later. I felt horrible, but they had apparently been trying to get rid of her for years, and my script gave them ammo for a "redundancy" layoff, which was the only real way to fire people at the company. Later I found out she would routinely "forget" to sync the directories and refused to learn to do anything else, so I felt a little better. If your entire job requires 20 minutes of work a day, you damn well better make sure you do it.
 
2011-12-29 08:33:03 AM
I initially mis-read the headline as "...more of them should have jumped in 2001" and thought it was a reference to 9/11.

/Would have been just as funny
//Unless its too soon?
 
2011-12-29 11:11:34 AM
CokeBear: I initially mis-read the headline as "...more of them should have jumped in 2001" and thought it was a reference to 9/11.

/Would have been just as funny
//Unless its too soon?


I thought the same thing, as well. Morgan Stanley lost some big offices in that.
 
2011-12-29 11:36:40 AM
Old enough to know better: As someone who was informed after working my ass off all Christmas weekend that our company won't be giving out time-and-a-half pay this year, I can but laugh.

Beats cryin' or punching someone.


No, punching someone would certainly be better.
 
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