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November 26, 2022
Finance Technologies

JP Morgan plans to cut hundreds of jobs across consumer division

JP Morgan Chase is planning to cut hundreds of jobs across its consumer division, Bloomberg reported on Tuesday, citing people briefed on the matter. It will notify the impacted staff on 6 February. The report did not mention the exact number of jobs to be cut but said the planned layoffs represent about 1% of employees in the unit. JP Morgan will notify the impacted staff on 6 February and give them a chance to apply for other roles at the bank, according to the report. The consumer unit includes the credit-card, deposit, home and auto lending businesses, and makes…
JP Morgan plans to cut hundreds of jobs across consumer division

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