IPFS News Link • Employee and Employer Relations
-
Special Editions
- Global
- Due Diligence
- Love Bus Liberty Tour
- Vaccine Education Summit
- Bitcoin Summit
- US-Arizona
- US-Tennessee
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
IPFS News Link • Employee and Employer Relations
It turns out that they didn't fire enough and/or that the housing
market contraction was far worse than even the banks, in their most,
pessimistic forecasts, had expected. Case in point: JPMorgan, which
after firing 15,000 in its mortgage business, has just revealed it will
fire thousands more.
Several thousand more cuts are planned, according to people familiar
with the matter, and could be announced at JPMorgan’s annual investor
day on Tuesday. They are part of a new efficiency drive at the largest
US bank by assets that also encompasses staffing branches with fewer
employees.
Profitability at JPMorgan remains stronger than at competitors such
as Bank of America and Citigroup but the bank is looking to find new
savings, partly because of technology that allows greater automation of
clerical functions in branches and partly because of a plunge in demand
for mortgage refinancings.
Current News | Contents By Subject
Additional Related items you might find interesting:Related items:
News Link •
Transportation
Elon Musk Apologizes for Tesla's Severance Snafu, Assures Immediate Correction
News Link •
MEDIA (MainStreamMedia - aka MSM)
Instead Of Introspection, NPR Suspends Veteran Journalist Who Called Out Partisan Trainwreck
News Link •
Transportation
Elon Musk Fires 10 Percent of Tesla Workforce, Prepares for "Next Phase of Growth"
News Link •
MEDIA (MainStreamMedia - aka MSM)
"This Person Is A Crazy Racist": New NPR CEO Exposed As Woke Activist
News Link •
Employee and Employer Relations
True scale of US retail bloodbath revealed: How a 5,500 shops have closed in just one year...
News Link •
Biden-Harris Deep Fake Administration
The End of Freelance? How California's Rules Become America's Rules
News Link •
Employment & Jobs
Working From Home "Here To Stay": Here's The Best States To Live When You Can Avoid Th
News Link •
Robots and Artificial Intelligence
Trilateral Commissioner Larry Summers, OpenAI Board Member, Says All Labor Will Be Replaced
News Link •
Censorship
Candace Owens Vs The Daily Wire Goes NUCLEAR As Patrick Bet-David BLASTS Ben Shapiro & More!
News Link •
Employee and Employer Relations
University of Texas Austin Defunds All DEI Programs, Fires Dozens of DEI Employees
News Link •
Minimum Wage
'I can't charge $20 for a Happy Meal': McDonald's franchisee responds to California*
News Link •
California
Mass Layoffs Begin At California Fast Food Chains As $20 Minimum Wage Law Takes Effect
News Link •
Employment & Jobs
Planet Fitness PANICS As Employees BETRAY Them & Reveal INSANE Documents...
News Link •
Media: Internet
1 Comments in Response to JPMorgan To Fire Thousands
More money for Jamie Dimon. Woo hoo!