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JPMorgan Wasn’t Just Kidding When It Told Traders To Leave Building, Not Come Back

As previously mentioned, JPMorgan began “swinging the ax on prop traders, starting with energy group,” which cut about 40 heads, two weeks ago. In case there was any doubt– sometimes employers like to play elaborate practical jokes on people–, today the Journal confirms those firings.

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143 Responses to “JPMorgan Wasn’t Just Kidding When It Told Traders To Leave Building, Not Come Back”

  1. Anonymous says:

    I don’t get it, what is a property trader? Is it like a Real Estate agent?

    -Guy who heard about this site from a friend on Yahoo Finance and thinks Jim Cramer is a really smart guy

  2. Anonymous says:

    Firing’s or layoff’s?

  3. Anonymous says:

    @1 Alternatively you could sign your post as follows:
    “- Guy who is really not very funny”

  4. guest says:

    posted on DealBreaker = entered into the public domain?

  5. Anonymous says:

    Well we know 1 of those 40 released the confrence call.

  6. Guest says:

    Didn’t they just get that pep talk yesterday?

  7. Anonymous says:

    @4 or at the very least, posted on dealbreaker = you should be embarrassed to work at one of the biggest newspapers in the world and “break” the story two weeks later?

  8. Anonymous says:

    Bess, any follow up on the CS prop rumors? B Jain’s crew…

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