Oppenheimer vows no layoffs but implements salary freeze
Feb 24th, 2009 by admin
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2 Responses to “Oppenheimer vows no layoffs but implements salary freeze”
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As a CAREER (Summer) associate at Oppenheimer this summer, this news is a double-edged sword. I’m happy to see that the firm is taking steps to try to make sure that there aren’t layoffs, but it is worrisome to have start times delayed and the summer program halved.
Mr. Potter says he has a lot of confidence that this will work, I hope he’s right.
Don’t take the bait. This firm will not hesitate, and has not hesitated in the past, to layoff associates.