Nomura to fire up to 1,000 employees in London

Boy look at the Brits taking it on the chin from team Japan. First Honda motors now Nomura ! I wonder if the Queens loyal servants will think twice about that next car, computer, or tv purchase. Vote with yer feet mateys !

Which is it, fired, or layed off?

Lay off or fire?

He who grabs too much, can not keep a tight grip on it. Eventually it has to let it go.

Bad timing and timing is everything in the finance game. JP Morgan is letting go over 3000 WaMu employees, too. Also, it's a pity these 1000 will know just before Christmas they are out of a job by March. However,

right cost base going forward,” Nomura said.

Nomura is a company and I doubt it said anything. Perhaps Watanabe or Namikawa said it or it was written in a press release.