JPMorgan Chase said Thursday it plans to lay off 730 San Diego workers from its loan-servicing business as home refinances and foreclosures dry up.
The local layoffs, to be completed by 2014, are part of a national plan announced six months ago by JPMorgan Chase to cut 15,000 jobs from its division that manages and receives borrowers’ mortgage payments. The layoff is the largest workforce reduction in San Diego County so far through 2013.
The announcement comes at a time when the housing market is improving, foreclosures are plummeting and mortgage refinancing is waning.
Chosen excerpts by Job Market Monitor. Read the whole story at
via JPMORGAN CHASE TO LAY OFF 730 IN SAN DIEGO Page 1 of 2 | UTSanDiego.com.
JPMorgan Chase lays off 475 employees in North Texas
In February, JPMorgan said it would cut 13,000 to 15,000 workers over the next year.
The housing recovery in North Texas and across the nation is coming at a cost for some workers.
JPMorgan Chase said Thursday that it is laying off 475 mortgage-related employees in North Texas as fewer customers need help with troubled loans.
The local job cuts are part of a previously.
Chosen excerpts by Job Market Monitor. Read the whole story at
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