JPMorgan to cut 55 pct of Bear staff: CEO
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20080521/2008_05_21t104707_450x304_us_bearstearns_jpmorgan_jobs.jpg?x=130&y=87&q=85&sig=12EKKn6dp6Z47nRekiEJbQ--" align="left" height="87" width="130" alt="The Bear Stearns logo is seen at the lobby of the headquarters in New York March 26, 2008. (Shannon Stapleton/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080521/bs_nm/bearstearns_jpmorgan_jobs_dc)Reuters - More than 7,600 Bear Stearns Cos'
employees, about 55 percent of its staff, are expected
to lose their jobs as the troubled investment bank is absorbed
into JPMorgan Chase & Co , JPMorgan Chief Executive
James Dimon said Tuesday.</p><br clear="all"/>
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