JPMorgan To Cut Tech Support Jobs As Revenue Dips
JPMorgan, the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip. The company’s revenue from fixed-income and equity markets fell 15 percent to $3.5 billion in the quarter ended June 30, compared with the same quarter last year. Job cuts in mortgage banking was on pace to exceed the 6,000 announced earlier, Chief Financial Officer Marianne Lake said in an earnings call with analysts earlier this month.
“JPMorgan To Cut Tech Support Jobs As Revenue Dips” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.