JPMorgan cuts close to 500 tech jobs this week: report


JPMorgan Chase cut around 500 jobs this week, mostly among technology and operations groups, CNBC reported on Friday, citing people with knowledge of the matter.

The bank did not immediately respond to a Reuters request for comment.

JPMorgan Chase still has around 13,000 open positions, the report said, citing one of the people.

JPMorgan Chase still has around 13,000 open positions, CNBC reported.
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The bank had a headcount of 296,877 as of March 31, according to a regulatory filing.

On Thursday, JPMorgan told 15% of employees of First Republic Bank — which it recently acquired — that they would lose their jobs, Bloomberg reported.

Shares were up 1.3%.



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