JPMorgan Chase & Co. (NYSE: JPM) recently informed Houston employees that it will cut 102 local jobs this fall, according to a letter sent to the Texas Workforce Commission.
The financial giant is cutting the local positions because “CCB Operations Fraud and Customer Protection Services (FCPS) and Workforce Management, operating units to JPMC, will be closing as operating units,” per the Worker Adjustment and Retraining Notification Act letter.