• 1,066 MF Global employees getting the boot source

• » Some found out via media reports: You know what sucks more than getting laid off from your job because your boss (Jon Corzine, who stepped down from the troubled company last week) made a stupid bet on the Euro zone debt crisis and lost, badly? Finding out that you’re getting laid off via news story, rather than through your own company. “We were well into the process of notifying employees and were attempting to personally reach as many employees as possible when the release went out,” noted Kent Jarrell, a spokesperson for James Giddens, the trustee charged with liquidating the company. A number of MF Global employees — none speaking publicly — reported finding out this way.

Posted by Ernie Smith • Permalink