The Guardian reports that CSFB has confirmed that it has ended research into smaller companies and has fired a further 100 research department employees.
George Gilbert, who worked with the firm's star IPO banker Frank Quattrone and analyzed shares in companies like Microsoft and Oracle, has been a victim of the latest round of cuts. He told Bloomberg in a telephone interview that he was now 'planning to sleep in my own bed for a change...I've been joking that I plan to become a dolphin trader, supplying Sea World and amusement parks'.
Gilbert is believed to be one of around 100 CSFB research staff globally who lost their jobs last week. The latest round of cutbacks means that around 16% of the firm's workforce has been let go since John Mack was appointed as CEO in July 2001.