ArpitGarg's Weblog

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Posts Tagged ‘job cut

Lehman will be back

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The speculations were going on since about a month. There were talks of possible stake sellout to complete buyout. People were quite optimistic though. It has been two months since I joined Lehman Brothers (India office) and four months since I received my B.Tech degree. I won’t say that the situation here is the first for me alone; it is the first for almost all of us here. When we saw Bear Stearns go down, it was like, “Oh! It’s not good. But we will sail through”. When it has come down to us, I know now how it feels like. It’s not that I am too much worried about a job or anything. A bit alright, but not much. After all, I am a recent college pass-out and that too from Computer Science. I hope to get a new job sooner or later. But still there is a sinking feeling deep down. After all guys, I might not come back to the job tomorrow.

I have seen anxious faces over the last few weeks amidst rumors of people being laid off in London and New York almost every other day. Nevertheless the professionalism here has been supreme. My managers, my seniors were trying to hold the forte, working 24×7 undeterred by the speculations. Even this past weekend, a lot of my colleagues worked 24×7 trying to sail past the inevitable. When the news of the failed talks started trickling in, anxious faces turned into “wtf!” to “what next?” Pagers and phones kept buzzing all through the day. The friends, family and old mates kept enquiring the Holy Grail. “What went wrong?” “Come’ on yaar!!! Even Richard Fuld would be wondering about that”. Having come to him, I must say that people here hold him in very high regard. Till the recent news, people were dead sure that Richard Fuld would pull it off. And even today, we all are sure; he had done what all he could do. We still believe that Lehman will be back sooner or later. Richard Fuld is not the one to go down so easily. The faith people have in him here is just next to what I had seen during my college days, when the whole college used to have such blind faith in our director GB Sir, IITG. The feeling of such solidarity must be felt to believe in.

I want to admit today that I have been a bit laid off although my life. Or at least last few years at college. I have let life take its own course putting in just the effort which was required of me. I and my friends who have joined Lehman recently are taking it as a blessing in disguise. We have faced such as scenario so early in our career. It would help us remain prepared for the future. Working with Lehman has been a nice ride. I have learnt a lot here. The employee base here is among the best what you can get.

I have just talked to my colleague in London who was calling it off for the day probably heading for the nearest pub. Well, we deserve at least a mug of Beer. After all it has been a hell of a day.

Written by arpitgarg

September 15, 2008 at 11:07 am

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