The New York-based bank is set to cut support roles and other workers in wealth management as part of a periodic review.
JPMorgan is set to cut 100s of jobs as part of a periodic review of its asset management business,Employees in support roles and some wealth management staff will be among those being let go.
"It is normal course of business for us to review our staffing annually to ensure appropriate levels, and adjust as necessary," Darin Oduyoye, a spokesman for the New York-based bank,JPMorgan is slashing roles as part of a shake-up in its asset management business. The New York-based bank is set to cut 100s of roles in support roles and other workers in its wealth management unit as part of a periodic review of its staffing,
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