We received multiple reports this morning that Drinker Biddle & Reath let go of approximately 20 people, all on Friday. Tipsters reported the information this morning, but a morning commenter had the best line:
Yes it’s true about DBR – on Friday afternoon. No stealth – they came around to every office – told everyone it was economy based.
Other tipsters confirmed that the dismissals were based on the economy and not associate performance. The firm would not confirm or deny the reports, as a matter of policy.
If true, axing people 13 days before Christmas is a sad sign of the times. Let’s hope that firms finish all of their 2008 associate cuts by the end of this week. Surely feelings and families should take precedence over burying layoff news in the holiday news cycle.
And, as always, good luck to all the former Drinker Biddle employees.