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Laid-Off Heller Associates Vent Feelings of Worry and Anger

Posted Oct 20, 2008 6:41 AM CST
By Debra Cassens Weiss

Heller Ehrman associates among the second round of staffers laid off on Friday are worried about finances and insurance—and feeling some anger.

Most of Heller’s remaining staff received an e-mail last Thursday telling them that Friday would be their last day at the law firm. Some associates described their feelings in interviews with the Daily Journal (sub. req.).

"This has got to be one of the worst things that's ever happened to me," said a New York associate who hasn’t found a new job. "I live paycheck to paycheck, literally. I have a mortgage and kids."

A San Francisco associate vented his feelings. "I'm not depressed, but I feel a lot of anger toward the leadership, and I feel betrayed," he said.

A San Francisco associate who had just returned from maternity leave was worried about health insurance coverage. "This election, with all the health care issues, has become very, very real for a lot of us, because we will have our benefits terminated at the end of the month," she said.

Comments

1.

reality check
Oct 20, 2008 7:22 AM CST

Paycheck to paycheck on 15 k+ a month? Cry me a river.

2.

QJC
Oct 20, 2008 10:34 AM CST

I hope that juvenile whiner who can’t handle three or four months of unemployment isn’t representative of his fellow Heller layoffs.  If he’s genuinely f’ed after earning $135,000 per year—at least—, then he seriously overextended himself with his three-bedrooms-too-many home, that big new Benz, and those Canali suits.

Grow up and learn one of life’s most important lessons: life isn’t fair.

3.

NYC
Oct 20, 2008 11:20 AM CST

I’ve been laid off from Wall Street several times (in marketing, not on the deal side). The first time you lose a job it’s devastating. The second time, and down the line, you get over it and get to work looking for the next job. It’s business, it’s not personal.

Sadly, there were rumors for quite a while that Heller was teetering on the brink. One should always keep an updated resume on hand. When your firm is the one being mentioned as a candidate for merger or closing, you should give it wings.

Good luck.

4.

caretaker
Oct 20, 2008 2:01 PM CST

It’s over. Take a look at this .

http://endofesq.com/?p=371

5.

Amen
Oct 20, 2008 3:15 PM CST

To Poster #1 - AMEN!!! 

“Boo hoo, I can’t make it on less than $145k.  How am I supposed to eat?  Woe is me.  My life is terrible.  Boo hoo.”

6.

zekethewonderdog
Oct 20, 2008 8:49 PM CST

For as smart as you Wall street types are, how could you not know this was coming?  Do you think the partners making $5,000,000 a year are going to take a pay cut to a mere $4,000,000?
The partners don’t give a rat’s behind for you guys who are always the first to go.

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