U.S. bank JPMorgan Chase & Co is planning to cut hundreds of jobs across its con...
The report did not mention the exact number of jobs to be cut but said the planned layoffs represent about 1% of employees in the unit.
JPMorgan will notify the impacted staff on Feb. 6 and give them a chance to apply for other roles at the bank, according to the report. The consumer unit includes the credit-card, deposit, home and auto lending businesses, and makes for about half of the bank’s revenue.Reporting by Kanishka Singh in Bengaluru; editing by Uttaresh.V
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Do or die - Nissan takes the axe to the house Ghosn builtNissan is planning aggressive cost cuts to deal with an unexpected slum...
Read more »
Employees criticize Amazon's climate policy despite job risksHundreds of employees openly criticize Amazon's record on climate change despite what they say is a company policy that puts their jobs at risk for speaking out.
Read more »
3M just got hit with a trifecta of negative news. Here's why the stock is diving today. | Markets InsiderFrom litigation to job cuts, 3M announced a slew of bad news Tuesday. After Boeing halted 737 Max production, aerospace suppliers are struggling...
Read more »
New Mississippi governor will close part of notorious state prisonMississippi to close part of a state prison that has been rocked by deadly violence, Gov. Reeves says in first State of the State address. 'I have seen enough,” Reeves said. 'We have to turn the page.'
Read more »
How Much Do I Need to Tip at a Nail Salon?A nail industry veteran and etiquette expert weigh in on the ins and outs of how much you should exactly tip at the nail salon:
Read more »