JPMorgan cuts nearly 500 tech jobs this week: report

JPMorgan Chase cut about 500 jobs this week, mostly in technology and operations groups, CNBC reported Friday, citing people with knowledge of the matter.

The bank did not immediately respond to a request for comment from Reuters.

JPMorgan Chase still has about 13,000 vacancies, according to the report, citing one of the people.

JPMorgan Chase still has about 13,000 open positions, CNBC reported.
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The bank had 296,877 employees as of March 31, according to a regulatory filing.

On Thursday, JPMorgan announced that 15% of employees at First Republic Bank — which it recently acquired — would lose their jobs, Bloomberg reported.

The shares rose 1.3%.


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