JPMorgan Chase to cut 4,000 jobs in 2013
27 Feb 2013 7:34 AM IST
US banking giant JPMorgan Chase will slash 4,000 jobs in 2013 as part of a cost-cutting program, according to the company's presentation to investors on Tuesday.
JPMorgan Chase projected it would reduce overall expenses in 2013 to $59 billion, approximately $1 billion below the 2012 level, as the company seeks corporate and investment bank cost synergies, presentation slides showed.
JPMorgan Chase projected it would reduce overall expenses in 2013 to $59 billion, approximately $1 billion below the 2012 level, as the company seeks corporate and investment bank cost synergies, presentation slides showed.
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