JPMorgan Chase cut around 500 jobs this week, mostly amongst technology and operations groups, CNBC reported on Friday, citing individuals with knowledge of the matter.
The bank didn’t immediately reply to a Reuters request for comment.
JPMorgan Chase still has around 13,000 open positions, the report said, citing considered one of the people.
JPMorgan Chase still has around 13,000 open positions, CNBC reported.Getty Images
The bank had a headcount of 296,877 as of March 31, in accordance with a regulatory filing.
On Thursday, JPMorgan told 15% of employees of First Republic Bank — which it recently acquired — that they might lose their jobs, Bloomberg reported.
Shares were up 1.3%.
