About half of those laid off were teachers, says John Deasy,the head of the Los Angeles Unified School District.
VOA: special.2011.05.05
This is followed by an afternoon of established names including China Crisis, Amsterdam and JohnHead from Shack, finishing with a set by 1960s group The Merseybeats.
Vikram Pandit, head of institutional securities, and John Havens, head of equities, also quit, prompting speculation that an avalanche of executive departures would follow.