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No one wants to see money thrown away on a birthday cake while their friends are getting laid off.
But there's nothing fun about having your corporate expense card ripped from your fingers.
And as mass layoffs continue to hit Wall Street, the cost cutting rampage continues.
Say goodbye to all these fun perks.
Late night snacks: LIMITED. Barclays late night meal reimbursements will be available one hour later.
Seamless Web
Cup sizes: SMALLER. Goldman recently downsized the drinking cups to 10 ounces from 12 ounces.
Cafeteria: CASHLESS. Goldman went mostly cashless so they don't need to pay for armored truck companies to transport the money.
YouTube
Flights: COACH. Deutsche Bank employees will have to take coach if their flight is less than 6 hours.
Geek Sugar
Field days: AXED. BofA nixed its field day described as "a country club affair in New Jersey that in past years included sport stations outfitted with beer kegs."
Cabbing it home from the office at 9 PM: EXPENSIVE. Barclays says late night car service will be available one hour later, at 10 PM.
Mood-boosting shrubbery: GONE. Goldman Sachs's London office is getting rid of its decorative plants. Morgan Stanley did too.
Goldman Sachs
www2.goldmansachs.com
Fancy wall art: STRIPPED DOWN. Credit Suisse took down inspirational decor of workers with motivational words such as "Proactive" and "Partner."
Faux motivational print
Newspaper subscriptions: CANCELLED. Banks are also can canceling newspaper subscriptions
This is where he has to go to read the paper now.
gapysphoto
Office snacks: GONE. Several European banks are cutting back on biscuits (cookies).
Holiday parties: CANCELLED. Cost cutting will even affect Christmas parties at some firms.
JPMorgan's FX trader Christmas party in 2009.
Calls, texts, and data plans: LIMITED. Morgan Stanley said in June that phone usage would be watched more closely.
Business trips: CUT. Travel will be significantly reduced. Euro banks say travel won't be allowed one week every month.
globalx
Laundry: DIRTY. Some banks will even restrict laundry bills on business trips.
Wikimedia Commons
Powerpoint presentations: HIDEOUS. Banks will also limit color photocopying.
