JPMorgan Chase & Co. is expected to cut hundreds of support and other jobs in its wealth management unit.
The layoffs are part of a periodic review of the New York-based bank’s (NYSE: JPM) staffing, according to Bloomberg.
In 2018, JPMorgan employed some 24,000 people in asset management — a 4 percent increase from 2017.
JPMorgan cut 100 jobs from the same department last August.
A JPMorgan spokeswoman did not respond to a request for comment.
JPMorgan isn’t the only major bank laying off…
from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/YFjvzQti5HA/jpmorgan-to-cut-wealth-management-workers.html