US banking giant JPMorgan Chase Tuesday said it would eliminate 5,000 jobs
from its global workforce this year.
JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presentation posted to the JPMorgan website ahead of an investor day.
A major unit that is targeted is JPMorgan’s consumer and community banking, where workforce will be cut by 8,000.
Chosen excerpts by Job Market Monitor. Read the whole story at JPMorgan Chase to cut 5,000 jobs in 2014 – The Economic Times.
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