Feb 8 (Reuters) – JPMorgan Chase & Co (JPM.N) has reduce a whole bunch of mortgage staff, a supply acquainted with the matter advised Reuters on Wednesday, hours after the corporate introduced plans to rent some bankers.
“We often overview our enterprise and buyer wants and regulate our staffing accordingly – creating new roles the place we see the necessity or lowering positions when acceptable,” a Chase spokesperson advised Reuters.
Earlier within the day, JPM stated it plans to rent greater than 500 bankers catering to small companies by means of 2024, boosting the financial institution’s workforce concentrating on the phase by 20% from greater than 2,300 now.
In an interview with Reuters, JP Morgan CEO Jamie Dimon stated the outlook for hiring stays up on the financial institution when requested about plans for jobs given cuts at different Wall Avenue banks.
“We’re nonetheless opening branches, and usually around the globe, we’re nonetheless hiring bankers, shopper bankers, small-business bankers, middle-market bankers, people abroad. … We’ve got extra shoppers to cowl,” he stated.
Reporting by Saeed Azhar in New York and Jose Joseph in Bengaluru; Enhancing by Leslie Adler
: .