JPMorgan Kills Voice Mail

The JP Morgan Chase & Co. headquarters in New York.

Photographer: Scott Eells/Bloomberg
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JPMorgan Chase & Co. is eliminating voice mail for consumer-bank employees as part of a push by the biggest U.S. lender to trim $2 billion in annual expenses.

“We realized that hardly anyone uses voice mail anymore because we’re all carrying something in our pockets that’s going to get texts or e-mail or a phone call,” Gordon Smith, head of JPMorgan’s consumer and community bank, said Tuesday at a conference in New York. “So we started to cut those off.”