JPMorgan laying off hundreds in mortgage business after rate surge

The total affected will be more than 1,000 workers, with about half moved to different divisions within the biggest US bank, according to people familiar with the matter

jp morgan, J P

(Photo: Bloomberg)

JPMorgan Chase & Co. is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand in what had been a

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First Published: Jun 22 2022 | 9:28 PM IST

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