Thread regarding GFI Group Inc. layoffs

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...

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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