JPMorgan Lays Off 20 Asia Investment Banking Roles: Report
Portfolio Pulse from Akanksha Bakshi
JPMorgan Chase plans to cut around 20 investment banking jobs in Asia, primarily impacting junior-level employees. This marks the bank's second wave of layoffs in the region this year, as dealmaking slows.
June 21, 2023 | 11:45 am
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JPMorgan Chase is cutting 20 investment banking jobs in Asia, primarily affecting junior-level employees. This is the bank's second round of layoffs in the region this year.
The layoffs at JPMorgan Chase indicate a slowdown in dealmaking in the region, which could negatively impact the bank's revenues and profitability in the short term. As a result, the stock price may face downward pressure.
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