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Lehman Brothers to cut 200 jobs: report

NEW YORK
Thu Feb 21, 2008 3:14pm EST
The Lehman Brothers headquarters is seen in New York January 30, 2008. REUTERS/Shannon Stapleton

NEW YORK (Reuters) - Lehman Brothers Holdings Inc LEH.N is cutting 200 jobs, equivalent to 10 percent of its investment banking staff, CNBC television reported on Thursday.

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If the report is true, the firings would be the latest sign that Wall Street banks are trimming payrolls amid write-downs on loans as well as a slowdown in mergers.

Lehman spokesman Brian Finnegan declined to comment.

As of November 30, 2007, Lehman Brothers employed approximately 28,600 people.

(Reporting by Christian Plumb)
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