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Layoffs Watch '08: JPMorgan

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Previously announced cuts apparently went down in the House of Dimon today, with Technology, Media & Telecom (TMT) and Debt Capital Markets (DCM) employees, specifically, being shown the door. Syndicated and Leveraged Finance (SLF) is expected to given the signal (to exit the building) tomorrow. Severance is said to be 12 weeks pay.