The New York-based banking and financial company will, according to the newspaper’s information to shut down entire departments. The organizational changes are expected to lead to 5,000 jobs will disappear.
Mainly concerned JP Morgan’s consumer banking business, , but the cuts are expected across the organization. CEO Jamie Dimon earlier in a conference with investors uppget to genomsnittsavldeningen within JP Morgan will have one employee less after the reorganization.
Representatives of the bank, however, has not wanted to comment on the information in the WSJ, state news agency AP.
In February, said JP Morgan executives that they expected that the bank will shrink by 300 departments over the next two years. At the beginning of the year 5570 departments.
One of the reasons that JP Morgan cut down on his organization is that more and more of the bank’s customers choose to do their banking over the Internet and on their smartphones.
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