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Layoffs Watch '08: JPMorgan

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Mark Petrinovic, JPM's head of Latin American Credit, along with 4 MD's and 1 ED, are said to have been laid off yesterday. Supposedly the cuts were "quite unexpected as they were unrelated to the Bear integration." Which begs the question, would you rather be fired through no fault of your own, or for reasons that can be placed squarely on your drug use*? Personally, we're inclined to go with the latter. If** I'm going to get fired, I'm going to do it on my own terms.
*Merely a "for instance."
**"If," ha.


Layoffs Watch '15: JP Morgan

The bank has reportedly begun a round of cuts that will ax 5,000 employees.