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Layoffs Watch '08: JPMorgan

Pink slips are being issued at venerable NY bank

By BESS LEVIN
Updated 9:30 AM PST, Thu, Nov 20, 2008

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Cuts at Bearpont Morgan Mutual started late yesterday in equities and are continuing today with research being hit particularly hard. Sales and trading are supposedly being shown the door circa now. Apparently "at least" ten to fifteen percent of IB is expected to be affected, with deeper cuts in certain groups.

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First Published: Nov 20, 2008 7:23 AM PST

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