'JPMorgan Chase Cut About 500 Technology And Operations Jobs This Week, Sources Say' - CNBC
Portfolio Pulse from Happy Mohamed
JPMorgan Chase has cut around 500 positions, primarily in technology and operations groups, across its main divisions. The bank is currently looking to fill about 13,000 open positions.
May 26, 2023 | 6:17 pm
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JPMorgan Chase has cut 500 positions in technology and operations groups, but is also seeking to fill 13,000 open positions.
JPMorgan Chase has cut 500 positions, which may have a short-term negative impact on the company's operations. However, the bank is also looking to fill 13,000 open positions, indicating that it is still in growth mode. The overall impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100