Layoffs Mayhem Continues! JPMorgan Chase Lays Off 500 Employees in Fresh Round of Job Cuts, Say Reports
Speaking about layoffs, a spokesperson of JPMorgan Chase told CNN that the company regularly reviews its business and customer needs and continues to hire in other areas.
New Delhi, May 27: In a fresh round of layoffs,슬롯 머신 사이트 추천JPMorgan Chase investment bank slashed 500 job positions this week. The layoffs were announced슬롯 머신 사이트 추천mostly among technology and operations groups, according to a report by CNBC. The report further said that the job cuts impacted employees in JPMorgan Chase's슬롯 머신 사이트 추천main divisions of retail and commercial banking, asset and wealth management and its corporate and investment bank.
Speaking about layoffs, a spokesperson of JPMorgan Chase told CNN that the company regularly reviews its business and customer needs and continues to hire in other areas. Currently, there are more than 13,000 total job openings in JPMorgan Chase. As of March 2023, the bank슬롯 머신 사이트 추천had 296,877 employees, 8 per cent higher than a year earlier.슬롯 머신 사이트 추천'Lead by Example': JPMorgan Ends Work From Home for Managing Directors, Asks Them To Be Present in Office Five Days in a Week.
The news of JPMorgan Chase cutting 500 jobs came just a day after it laid off슬롯 머신 사이트 추천roughly 1,000 employees of First Republic Bank, 15 per cent of their total workforce. Nearly슬롯 머신 사이트 추천7,200 employees of슬롯 머신 사이트 추천First Republic Bank슬롯 머신 사이트 추천were offered jobs by JPMorgan. Here it may be noted that슬롯 머신 사이트 추천First Republic slashed roughly 25 per cent of its workforce before JPMorgan acquired it. Based in San Francisco, First Republic Bank was슬롯 머신 사이트 추천the second-largest bank failure in US history.
First Republic Bank employees슬롯 머신 사이트 추천let go by슬롯 머신 사이트 추천JPMorgan will get an additional 60 days of pay and benefits, according to the bank. Additional payments to those being let go will be based on how long they worked at First Republic.
Three banks - Signature Bank, Silicon Valley Bank and First Republic Bank - recently슬롯 머신 사이트 추천collapsed and threatened to undermine faith in the US banking system. The banks collapsed as their customers held uninsured deposits and due to the exposure to the tech industry.
(The above story first appeared on LatestLY on May 27, 2023 08:18 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).