(Actual) Layoffs Watch '08: JPMorgan

As if a bunch of summer IBD interns being shifted to PWM wasn't depressing enough, we're told 11 people in JPMorgan Cayne's 13-person mortgage origination group were cut today. Severance is salary through October.
Related: (Not Quite) Layoffs (But Considered By Some To Be Just As Bad If Not Worse) '08: JPMorgan CHASE