JPMorgan Plans Firm-Wide Hiring Freeze Amid Virus Uncertainty
- Investment bank, much of consumer unit will be affected
- Mortgage operation is one group exempted from the move
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JPMorgan Chase & Co. froze hiring across most of the firm as millions of people stay at home to help stem the spread of the coronavirus, according to people familiar with the matter.
The bank asked managers in businesses including the corporate and investment bank, the consumer unit, and the asset- and wealth-management group to review job postings and pull listings for roles that don’t need to be filled immediately, said the people, who asked not to be identified discussing the private plans.