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Layoffs Watch '10: FrontPoint Letting Some Go (UPDATED)

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Supposedly some people will be told to take off early for the weekend and not come back on Monday.

From the mailbag:

"Got word this morning the hammer will be falling on some unlucky souls at FrontPoint today. Morale is a 17 on the 1 to 10 scale of suckage.”

Update, 3:35PM: The layoffs "were brutal; large crowd of the ones let go have gathered at McDuffies on Railroad Ave. Survivors still don't even know if or when the sucky bonus (if any) will be."