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Here's Hoping You Made The CutHere's Hoping You Made The Cut
JPMorgan Chase CEO Jamie Dimon said Tuesday that approximately 55 percent of Bear employees will be out of a job once JPMorgan Chase completes its acquisition in the coming weeks, Reuters reports.
Nancy N. DiCostanzo
May 21, 2008
1 Min Read
By Nancy N. DiCostanzo
JPMorgan Chase CEO Jamie Dimon said Tuesday that approximately 55 percent of Bear employees will be out of a job once JPMorgan Chase completes its acquisition in the coming weeks, Reuters reports.
About 6,000 Bear guys and gals (out of a total of 14,000) got jobs inside JPMorgan, while Dimon found positions for another 1,500 outside the company, says BusinessWeek. Dimon's handwritten letters have probably helped for that second bunch.