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TheDeal.com is reporting here that J.P. Morgan layoffs are apparently happening in Brooklyn, N.Y., Long Island, N.Y., and Phoenix today, according to a source. The source told TheDeal that those employees that left prior to April 14 received severance based on years of service. Those employees that leave after April 14 only receive one or two months of severance with no medical.

Tags: jpm

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well no surprise,all the banks and gov lied about stress tests.all major banks will go under in a year and then we can form a new banking model based on my idea on http://www.credit-crunch.synthasite.com

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