- P.Morgan Chase cuts are likely to fall between 5 percent and 10 percent of current headcounts, Reuters quotes Alan Johnson, head of compensation consultancy Johnson Associates Inc., as saying. Johnson estimates that most of the cuts will come in technology, human resources and finance.
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Anyone know if CIB will get affected ?
let go? more like throwing the bar onto the floor and asking employees to go under it to meet expectations or be fired. chase has no intentions in card services to lay-off to save money. chase fights unemployment coverage. Corporate america. Millions to management in bonuses in saving money by firing employees. Dishonorable.
Are the cuts going to include MDs? The ones that wouldn't be MDs without Trust Funds, connections to the top or staff that hold their safety net with their smarts, enthusiasm, hard work and loyalty?
NO I DON'T THINK SO!!!!
yep, move forward to the unemployment office
Cuts are good for company to move forward!!
This place is quickly turning into an epic sh– show. Poor Risk Management just like 10 years ago.
Nice cherry pick from this source column. You might as well post this in every board on the internet - not necessarily just JPMC.
https://uk.reuters.com/article/us-usa-banks-bonuses/wall-street-likely-to-cut-bonuses-15-20-make-significant-layoffs-report-idUSKBN23U3BN