Bloodbath in the City ...

[SandyDown]

£ 100k gross = £ 65k net > £ 50k

don't forget the 50 to 100 % bonus (well that's what it was )

[PAH]

£ 100k gross = £ 65k net > £ 50k

15k is a hell of a lot closer than 50k!

For 'only' 15k extra not sure I could be bothered with all the hassle involved in working elsewhere then home.

[Bumfluff]

I want an update on the people being 'let go'

Morgan Stanley made a few people redundent yesterday in IT as well, they also let a few go on the comp day. Also I know UBS, JPM and Credit Suis have mad people redundent. Luckly my current gig is setting up a decent exposure management app something I think alot of bankings will want to now be doing.

[sasguru]

Morgan Stanley made a few people redundent yesterday in IT as well, they also let a few go on the comp day. Also I know UBS, JPM and Credit Suis have mad people redundent. Luckly my current gig is setting up a decent exposure management app something I think alot of bankings will want to now be doing.

Aye anything to do with regs, Sarbanes Oxley etc is still OK...

[MrRobin]

My current gig is working on a big cost saving project so think they'll be keen to keep it going so I'll be OK too

[Bumfluff]

I just heard that today they have given notice to all contractors in fixed income IT at Morgan Stanley, lots of permy redundencies as well already put at risk.

[BlasterBates]

Permie at Morgan Stanley just told a colleague of mine that he's been sacked.

[Sockpuppet]

Permie at Morgan Stanley just told a colleague of mine that he's been sacked.

Sacked or made redundant.

[BrilloPad]

http://forums.contractoruk.com/busin...mes-ahead.html

Traders sacked to pay for more coders...

[BlasterBates]

he's a coder.