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Home>J.P. Morgan Set to Lay Off 5,000

J.P. Morgan Set to Lay Off 5,000

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Thu, 28 May 2015

J.P. Morgan Chase & Co. has begun layoffs that are expected to total more than 5,000 by next year, people familiar with the matter said. This latest phase of cuts started earlier this year and would eliminate at least 2% of the bank's workforce over the next year. The moves come as the nation's
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