From the front lines of a massacre:
I am a second year analyst in Private Wealth Management who just found out from my office's Business Unit Manager that all second year analysts will have to wait until December, six months after their two years are up, to find out if they will get a bonus. Second year analysts are usually given something on their way out.
I am hoping for at least $400 to cover November 2009's COBRA coverage. Unemployment wont be available either since we voluntarily leave after our contract is up.
Add this to the $0 we received in January and it is pretty shitty.
The article about the partners who got bailed out of their PE investments just adds insult to injury.