JPMorgan to Cut Hundreds of Jobs After Staffing Review
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JPMorgan Chase & Co. is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, according to a person briefed on the matter.
The bank is reducing the number of employees in support roles across the unit and laying off some wealth-management workers, said the person, who asked not to be identified discussing internal strategy. The reductions are being made globally.