Cuts are said to have gone down at the House o' Dimon this morning, apparently affecting a handful of equities employees.
Layoffs Watch '12: JPMorgan
The House o' Dimon has said to be letting some people down gently today. "Big equities cuts today at JPM. 10% ish of floor? Gone. A good deal of senior people but a smattering of associates and analysts as well. Seems like a general restructuring, every group affected."