'JPMorgan Cuts 40 Dealmakers In North America Amid Wider Cull' - Bloomberg Law
Portfolio Pulse from Benzinga Newsdesk
JPMorgan Chase & Co. is cutting about 40 investment bankers in North America amid a dealmaking slowdown. The cuts affect all levels of seniority and follow the elimination of 20 investment-banking jobs in Asia earlier this week.
June 24, 2023 | 1:33 am
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JPMorgan is cutting 40 investment bankers in North America and has eliminated 20 jobs in Asia due to a slowdown in dealmaking.
The job cuts at JPMorgan indicate a slowdown in dealmaking, which could negatively impact the company's revenues and profitability in the short term. This may lead to a decrease in the stock price.
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