Jamie Dimon has a plan, massive workforce cuts, this always works well in short term, the stock will skyrocket, he'll collect massive bonuses and then leave. 5 to 7 Percent of JPMorgan Chase Workforce to be laid off. We will all suffer, executives will make a ton of money, shareholders will lose at the end and everyone except the execs will be suckers. More details here: http://www.valuewalk.com/2015/03/jpmorgan-prepares-to-layoff-5-7-of-workforce-report/
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What do you do in auto? Where are you located?
No rumor...auto finance is cutting putting, received my layoff notice the day I came back from medical leave, our collections side is affected as well.
No surprise here: http://www.latimes.com/business/la-fi-jpmorgan-chase-earns-20150414-story.html
There were numerous layoffs across the board in March, in several locations, of senior employees. The person I know there said unlike prior layoffs, these were dribbled out, rather than poured all at once. And more are on the way.
It's not hard to believe, at least from the shifting around I've seen in my team and the teams around me along with the cost-cutting rhetoric from the execs.
How certain is this?
Granted - this is a rumor.