The
layoffs will affect employees across the bank's main businesses
-- consumer, commercial banking, asset and wealth management --
as well as technology and operations, the source said. JPMorgan
is the largest U.S. lender.
There are more than 13,000 current job openings at the bank, the
source added.
JPMorgan declined to comment.
On Thursday, a JPMorgan source said the lender was laying off
nearly 1,000 First Republic Bank employees after acquiring the
failed bank earlier this month.
First Republic became the largest U.S. lender to fail since 2008
after it was seized by regulators and sold to JPMorgan in early
May.
JPMorgan's workforce stood at 296,877 at the end of the first
quarter, up 8% from a year earlier, according to a filing.
CNBC was the first to report on the job cuts.
(Reporting by Nupur Anand in New York and Niket Nishant in
Bengaluru; Editing by Devika Syamnath and David Gregorio)
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