Lehman Brothers Plans More Systems Staff Lay-Offs; This Time, Mainframe Programmers May Get The AX
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As TST goes to press, Lehman Brothers Inc. was bracing for yet another round of belt-tightening -- this time involving the lay-off of more than 100 systems personnel at the firm's Hudson Street offices in Jersey City, N.J. According to sources, the staff cuts were set to be announced May 11; it could not be determined at press time whether the firm went ahead with the plan.
While details remain sketchy, sources say the group hit hardest will be mainframe programmers working under Dawn Lowell
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