Bear Stearns, in its heyday, was known for its prowess in fixed income. For many years, it really powered the highly regarded bond unit. When JPMorgan Chase offered jobs to about half of the Bear's 13,500 employees, fixed income traders and other personnel were basically left out, reports TheStreet.com. In the leveraged finance division, only two of 75 employees received offers, apparently. This is not a huge surprise, given JPMorgan's strength in this area. Mortgage-backed employees also became odd men out. Again, not really a surprise. Mortgage-backed experts aren't exactly in high demand right now across the board. Other Bear units in hot areas fared much better, such as the prime brokerage unit and Bear's vaunted clearing operations.   

For more:
- here's the article

Related Articles:
JPMorgan Chase luring more Bear Stearns employees
Job anxiety at Bear Stearns
Bear Stearns job picture starting to clear