JPMorgan Chase to lay off 5,000 employees across firm: WSJ

JPMorgan Chase & Co. will cut about 5,000 jobs over the next year, as the bank closes branches and slims down its operations, The Wall Street Journal reported Thursday, citing anonymous sources. A representative for the New York bank declined to comment. The job cuts will come from across the bank, but particularly from the consumer bank. JPMorgan CEO Jamie Dimon, at an investor conference this week, said that the average Chase branch would lose one employee – mostly through attrition.

Read Financial Express full report here.