News Formal

JPMorgan is cutting about 500 jobs | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

JPMorgan Chase is letting go of about 500 employees this week across the bank, a spokesperson confirmed to CNN

The layoffs, first reported by CNBC, are taking place company-wide but will focus mostly on technology and operations, JPMorgan said. A JPMorgan spokesperson said the company regularly reviews its business and customer needs and continues to hire in other areas.

The bank has more than 13,000 total job openings and employs nearly 300,000 people. The news comes just a day after JPMorgan informed about 1,000 First Republic Bank employees that they will no longer have jobs. JPMorgan acquired most of First Republic earlier this month after the San Francisco-based regional bank was seized by the government.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan is cutting about 1,000 First Republic Bank employees | CNN BusinessJPMorgan Chase informed about 1,000 First Republic Bank employees on Thursday that they will no longer have jobs.
Source: CNN - 🏆 4. / 95 Read more »