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Layoffs Watch '09: Blue Mountain

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Apparently the firm has been trimming the ranks of late. Supposedly four analysts, two traders, three PM's and 12 other "random people" have been let go, with research, quant strategies and special situations taking the bulk of the hits in percentage terms. Those who've been spared are apparently still waiting to hear on compensation, now two weeks late and counting. But! CEO Andrew Feldstein is said to see "tremendous opportunities from here." So that's nice.
Related: We've Got A Plan ("The Plan") For The Shit ("The Shit") Hitting The Fan ("The Fan")