Edited By: Namit Singh Sengar
Last Updated: February 09, 2023, 10:15 IST
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks throughout an interview with Reuters in Miami, Florida, U.S., February 8, 2023.
Earlier within the day, JPM mentioned it plans to rent greater than 500 bankers catering to small companies by 2024
JPMorgan Chase & Co (JPM.N) has lower lots of of mortgage workers. This got here hours after the corporate introduced plans to rent some new bankers, information company Reuters reported.
“We often evaluation our enterprise and buyer wants and alter our staffing accordingly – creating new roles the place we see the necessity or lowering positions when applicable,” Reuters quoted a Chase spokesperson as saying.
Earlier in the day, JPM said it plans to hire more than 500 bankers catering to small businesses through 2024, boosting the bank’s workforce targeting the segment by 20% from more than 2,300 now.
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When asked about JPMorgan’s plans for jobs given cuts at other Wall Street banks, its CEO Jamie Dimon had told Reuters that the outlook for hiring remains up at the bank.
“We’re still opening branches and in general around the world, we are still hiring bankers, consumer bankers, small business bankers, middle market bankers, folks overseas… we have more clients to cover,” he mentioned.
Wall Street giants, together with Goldman Sachs Group Inc and Morgan Stanley, have lower hundreds of jobs as a worsening financial outlook depressed dealmaking, whereas mortgage lenders have additionally trimmed workers.
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