JPMorgan Said to Cut Support Jobs Amid Trading Slump
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JPMorgan Chase & Co., the biggest U.S. lender, is cutting hundreds of technology support employees in its corporate and investment bank amid a revenue decline, people with knowledge of the move said.
Workers in locations including New York, Tampa, Chicago and Dubai were notified of the cuts this month, said the people, who asked not to be identified because they weren’t authorized to discuss the matter. Luke Moranda, a managing director in charge of clearing technology, and Dan Cronin, an executive director, were among those let go, the people said.