Inside JPMorgan’s Asian job cuts

Posted by PSR_AXP 16 mths ago
JP Morgan has become the latest big bank to cut jobs in the Asia-Pacific region, but unlike rivals it has kept redundancies to a minimum.
The US bank is understood to have made around 30 people redundant, and sources say many of the reductions affecting China-focused staff based in Shanghai and Hong Kong.
But while Goldman Sachs and Morgan Stanley have both cut senior bankers, JP Morgan’s cost-reduction exercise has focused on more junior staff.
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