JPMorgan asset management division faces layoffs

JPMorgan Chase & Co. is laying off about 100 employees.

According to multiple media outlets, the New York-based bank is making the cuts within its asset-management division. The move comes as JPMorgan (NYSE: JPM) makes staffing adjustments amid market shifts.

The decision to eliminate positions in the company's asset-management division came after a business review, according to one report.

The cuts are also global and range across several businesses within the group, according to Bloomberg News,…

Previous Going big in Bee Cave: Hotel, offices, shops and hundred of homes planned for final Spanish Oaks phase
Next 30 Under 30 winner: Jason Bertocchi, Willis Towers Watson

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *