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JPMorgan Lays Off Hundreds of Mortgage Employees

JPMorgan Chase has handed out pink slips to hundreds of employees in its mortgage division. So reports Reuters.

JPMorganA bank representative told the news service that JPMorgan regularly adjusts staffing based on its reviews of business and customer needs.

Hours earlier, JPMorgan announced plans to add 500 bankers through 2024 to its existing 2,300-staff focused on small business.

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