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Messages relating to layoffs at GFI Group Inc. are presented below.

GFI Group Inc.

Industry/Area of Activity: Investment Services
Company Stock Ticker: GFIG
Stock traded at: NASDAQ
Industry Code: 8777

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rope88 , Thursday 7/30/09 12:00 AM
Now guess what's coming - 30% drop in profits = at least 30% workforce gone: Inter-dealer broker GFI (GFIG.O) posted a 30% drop in 2nd quarter profit, mainly due to a drop in brokerage revenue. "Capital commitment to the market by a number of dealers and hedge funds has not yet fully returned, while competition from other brokers keeps being stiff," Chief Executive Michael Gooch said to Reuters

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