{"id":15311,"date":"2023-05-29T13:19:17","date_gmt":"2023-05-29T17:19:17","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/jpmorgan-cutting-about-500-jobs-this-week-source\/"},"modified":"2023-05-29T13:19:17","modified_gmt":"2023-05-29T17:19:17","slug":"jpmorgan-cutting-about-500-jobs-this-week-source","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=15311","title":{"rendered":"JPMorgan cutting about 500 jobs this week -source"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS\/Mike Segar<\/span>
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(Reuters) -JPMorgan Chase & Co is cutting about 500 employees this week across its various departments, according to a person familiar with the situation who asked not to be identified discussing personnel matters.<\/p>\n

The layoffs will affect employees across the bank’s main businesses — consumer, commercial banking, asset and wealth management — as well as technology and operations, the source said. JPMorgan (NYSE:) is the largest U.S. lender.<\/p>\n

There are more than 13,000 current job openings at the bank, the source added.<\/p>\n

JPMorgan declined to comment.<\/p>\n

On Thursday, a JPMorgan source said the lender was laying off nearly 1,000 First Republic Bank <\/span><\/span> (OTC:) employees after acquiring the failed bank earlier this month.<\/p>\n

First Republic became the largest U.S. lender to fail since 2008 after it was seized by regulators and sold to JPMorgan in early May.<\/p>\n

JPMorgan’s workforce stood at 296,877 at the end of the first quarter, up 8% from a year earlier, according to a filing.<\/p>\n

CNBC was the first to report on the job cuts.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS\/Mike Segar (Reuters) -JPMorgan Chase & Co is cutting about 500 employees this week across its various departments, according to a person familiar with the situation who asked not to […]<\/p>\n","protected":false},"author":1,"featured_media":15312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-15311","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nJPMorgan cutting about 500 jobs this week -source | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. 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