Asset Management

JPMorgan to lay off 100 asset management staff

JPMorgan asset management layoffs account for 1% to 2% of division, according to people familiar with the matter

JPMorgan to lay off 100 asset management staff

JPMorgan is in the process of laying off around 100 employees in its asset-management division as the bank makes staffing adjustments amid market shifts, according to people familiar with the matter.

The layoffs, which amount to 1% to 2% of the division, are occurring throughout the business and in cities around the world, the people said.

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