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JPMorgan to lay off hundreds globally after staffing review

The bank is reducing the number of employees in support roles across the unit and laying off some wealth-management workers

JPMorgan
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JPMorgan Chase & Co. is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, according to a person briefed on the matter.
 
The bank is reducing the number of employees in support roles across the unit and laying off some wealth-management workers, said the person, who asked not to be identified discussing internal strategy. The reductions are being made globally.
 
“It is normal course of business for us to review our staffing annually to ensure appropriate levels, and adjust as necessary,” Darin Oduyoye, a spokesman for the New York-based bank, said in a

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First Published: Mar 28 2019 | 3:31 PM IST

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