JPMorgan cut around 500 jobs this week - CNBC

JPMorgan cut around 500 jobs this week – CNBC

Posted by Admin May 26, 2023 Jobs

Friday May 26, 2023 14:41

May 26 (Reuters) – JPMorgan Chase & Co (JPM.N) cut around 500 jobs this week, mostly among technology and operations groups, CNBC reported on Friday, citing people with knowledge of the matter.

The bank did not immediately respond to a Reuters request for comment.

JPMorgan Chase still has around 13,000 open positions, the report said, citing one of the people.

The bank had a headcount of 296,877 as of March 31, according to a regulatory filing.

Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath

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