JPMorgan Chase & Co is slicing about 500 staff this week throughout its varied departments, in keeping with an individual acquainted with the state of affairs who requested to not be recognized discussing personnel issues.
The layoffs will have an effect on staff throughout the financial institution’s essential companies — shopper, business banking, asset and wealth administration — in addition to expertise and operations, the supply stated. JPMorgan is the most important US lender.
There are greater than 13,000 present job openings on the financial institution, the supply added.
JPMorgan declined to remark.
On Thursday, a JPMorgan supply stated the lender was shedding almost 1,000 First Republic Bank staff after buying the failed financial institution earlier this month. —Reuters
Source: www.gmanetwork.com
