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After hearing that over 5,000 Lehman Brothers staff may lose their jobs, the UK’s leading business social network Ecademy is encouraging those affected to look to their network as a resource for finding their next job. ‘With warnings that other financial institutions may also be in trouble, those who don’t have a network outside of their workplace may struggle as they hit the unemployment pool and become victims of a ‘corporate refugee’ mentality, says Ecademy founder Penny Power.

Power, who is offering former Lehman Brothers employees free subscription membership to Ecademy says “leaving the workforce involuntarily can be very traumatic for everyone involved and it is important to realise that it is about far more than just losing your immediate income”,

“For many, it is also about losing your sense of identity, your friendships and your network. Suddenly highly talented, skilled and often very senior individuals are left to find new direction but don’t know where to go and how to go about it and become ‘corporate refugees’, explains Power.

“There is also the larger issues of change and loss that accompany losing a job and this is why it is crucial to lean on a your network for critical support when you need it the most”, she adds.

Simon Rogers, director of Market Sentinel, is testament to the value that his network has provided him throughout his career. “I have only moved job twice through the outside agency route and it was a disaster on both occasions. Every other move has been made as a result of knowing someone who knew someone, and I have recently helped others in the same way”, adds Rogers who has been a member of Ecademy since 2003.

“Ecademy is offering all former employees of Lehman Brothers a free subscription membership to help them expand their network of valuable contacts and get back on track to planning their next career move”, adds Power.

For more information visit If you are a former Lehman Brothers employee, please email for details on how to obtain your free Ecademy subscription membership.


For further information, images or to arrange an interview with Penny Power, please contact Jenna Gould 01603 283 503 or email

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