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JP Morgan private bank lays off nearly 100 staff

Move affects employees in a range of positions and locations and follows a previous rounds of cuts at the US bank

Move affects employees in a range of positions and locations
Move affects employees in a range of positions and locations Photo: iStockPhoto

JP Morgan’s private bank announced internally another round of layoffs affecting nearly 100 employees, people familiar with the matter said.

The unit shared the news within the bank on May 23. The moves, which affect employees in a range of positions and locations, follow previous rounds of layoffs across the country in recent months.

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