Have The Cerberus Layoffs Begun?
Updated after jump Weekend reports suggested that Cerberus Capital Management was prepping layoffs of up to 10% of its staff, and now there are indications that the axeman has cometh. Emails sent today to three members of Dymas Capital, a Cerberus lending affiliate, bounced back with the following message: You have reached a non-working email address at Dymas Capital Management Company, LLC. If you need additional assistance, please call our Main Number at 212-891-2100. Please be advised that this email has not been received by your intended recipient. Among the bouncebacks were senior director Daniel Lee, senior director Tim Davitt and director Douglas Goodwillie. I want to emphasize that these departures may be totally unrelated to the Cerberus layoff reports, but that would be one heck of a coincidence. Moreover, I've also
