JPMorgan is set to provide 60 days of pay and benefits to laid-off employees, plus other benefits such as a lump sum payment.
With a large home loan business, First Republic was the 14th biggest U.S. lender at the close of 2022.
-
Exploring the Latest Trends in Mortgage Originations
Discover how emerging technologies like AI and digital platforms are shaping trends in mortgage originations, including their impact on efficiency, customer experience, and market dynamics.
Estimated reading time: 0 minutes, 21 seconds
JPMorgan Lays Off 1,000 First Republic Employees
After buying collapsed bank First Republic, JPMorgan Chase has begun laying off 15% of its workforce, or about 1,000 people. So reports BBC News.
MOST READ STORIES
Fast,Easy & Free
