JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to lay off some bankers.
“We regularly review the needs of our business and customers and adjust our workforce accordingly – creating new roles where we see the need or reducing positions,” a Chase spokeswoman told Reuters.
Earlier in the day, JPM said it plans to hire more than 500 bankers for small businesses by 2024, increasing the bank’s workforce by 20% to more than 2,300.
In an interview with Reuters, JP Morgan CEO Jamie Dimon said the outlook for hiring at the bank remains subdued when asked about plans to cut jobs at other Wall Street banks.
“We’re still opening branches, and generally around the world, we’re still hiring bankers, consumer bankers, small-business bankers, middle-market bankers, people overseas. … We have There are more customers to cover,” he said.
The text of this story is published from a wire agency feed without any modification. Only the headline has been changed.
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