From the front lines at the House of Dimon: “JPM laid off most of its North American CLO team on Wednesday (or what was left of it).”
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Kind of sad that no one else has commented yet.
@GG- the cuts were more than expected.
How many are we talking, anybody know?
out of 7, 6 were let go
anyone have any names?
another possible layoff run to start next month? Rumors have it that some JPM offices will be releasing large amounts of their “regular” staff — while STILL using oversees staffing to support the company….
Just HOW much is THAT a slap in the face to those that held out, not to mention those that essentially had to PAY for them and their financial errors in judgement. We won’t talk about the renewed “bonus” programs that appeared in the news…