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…
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Alfred Serrano 