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Meltdown: Thousands of jobs to go globally!

October 1, 2008

25,000 may lose jobs at Lehman

Employees of Lehman Brothers Holdings Inc, ever since the investment bank filed for the biggest bankruptcy in American history, are in a state of fear.

If the administrators at the bankrupt investment bank manage to salvage some parts of the Lehman Brothers business, then employees in those divisions will not lose their jobs.

However, as things stand, most of Lehman's 25,000 employees globally will have to find new employment.

Image: The Lehman Brothers headquarters on Sixth Avenue in New York City. | Photograph: Michael Nagle/Getty Images

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