February 27, 2013

JPMorgan Chase plans to cut 19,000 jobs by 2014

US banking giant JPMorgan Chase has announced plans to cut up to 19,000 jobs by the end of 2014, starting with slashing 4,000 jobs in 2013.

According to a statement released by the United States’ largest bank on Tuesday, the massive job cuts are aimed at cutting expenses through 2014, targeting the company’s mortgage and community banking businesses. Read more.

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Related,
Wall Street bonuses for 2012 to rise to $20 billion - Economic Times

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