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fqw7Dnjjlkq in  
Financial Analyst 7 months ago

JP Morgan layoffs in the hundreds

https://www.cnn.com/2022/06/22/investing/jpmorgan-layoffs-mortgages/index.html


"Hundreds of JPMorgan (JPM) employees will be laid off, while hundreds of others will be reassigned, a person familiar with the matter told CNN Business."


I don't like the sound of this. It's snowballing


JPMorgan lays off hundreds of employees in mortgage division as rates spike

JPMorgan lays off hundreds of employees in mortgage division as rates spike

JPMorgan Chase is laying off employees this week in response to the spike in mortgage rates that has rocked the housing market.

cnn.com
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19g616l0vgv1grSoftware Engineer 7 months ago
Most of the layoffs are happening in the mortgage division. This was expected.
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