![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500.jpeg)
JPMorgan is shedding 500 positions this week.
According to someone familiar with the situation who requested anonymity, JPMorgan Chase & Co. (JPM.N) is reducing 500 employees this week across its departments.
The source stated that the bank’s consumer, commercial, asset, wealth management, technology, and operations personnel will be laid off. U.S. lender JPMorgan is the largest.
The source said the bank had around 13,000 employment opportunities.
JPMorgan declined to comment.
After acquiring First Republic Bank last month, JPMorgan laid off over 1,000 staff on Thursday.
In early May, regulators seized the First Republic and sold it to JPMorgan.
A disclosure showed JPMorgan’s first-quarter headcount at 296,877, up 8% from a year earlier.
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