Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Lehman Brothers Plans More Layoffs
By
Jen Chung
Published Aug 28, 2008
Modified Aug 28, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Aug 28, 2008
Modified Aug 28, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Different media outlets report that investment bank Lehman Brothers will cut anywhere from 1,000 to 1,500 jobs, about 5-6% of its 26,200 workforce. Dealbreaker reports that there have been rumors of layoffs for the past few weeks, and, per Bloomberg, "Lehmanites will hold on to their jobs for a little longer, at least until Lehman announces its third-quarter financial results." Lehman has already cut 4,000 jobs this year. Earlier this week, the NY Times' Andrew Ross Sorkin wrote "When will Lehman Brothers die?", given its financial situation, but suggested "it may be too important to fail" because its chief Richard Fuld Jr. is on the board of director of the Federal Reserve Bank of NY.
Tagged
economy
layoffs
lehman brothers
wall street
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Queens man charged with hate crime at Jewish-owned bagel shop displaying Israeli flags
Prosecutors say the 22-year-old damaged property outside the Fresh Meadows shop twice in May.
By
Giulia Heyward
Published Oct 19, 2026 at 6:07 p.m. ET
MTA train yards are in such bad shape plants are growing out of the roof, watchdog says
In some cases, the damage was “clearly not recent."
By
Stephen Nessen
News
MTA train yards are in such bad shape plants are growing out of the roof, watchdog says
In some cases, the damage was “clearly not recent."
By
Stephen Nessen
High-ranking NYC officials to testify in ex-buildings boss Eric Ulrich's corruption trial
By
David Brand
Mamdani launches new team to help NYers keep SNAP, Medicaid benefits
By
Caroline Lewis
Riders at 53rd St. station where man was fatally shot say they worry about gun violence
By
Ramsey Khalifeh
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .