Chase to cut another 440 jobs here in next 90 days (OH)

[OhioChick]

Source: Columbus Dispatch

Tuesday September 24, 2013 6:27 AM

For the second time in a little more than a month, the region’s largest private employer has announced plans to cut jobs.

JPMorgan Chase & Co. said yesterday that it will eliminate 440 jobs over the next 90 days. Last month, the bank said it would be cutting 300 jobs.

The bank met with employees throughout the day yesterday to give them the news.

The cuts will be primarily at Chase’s McCoy Center at Polaris, where about 10,000 employees work. There also will be cuts in Westerville and Gahanna.



Read more: http://www.dispatch.com/content/stories/business/2013/09/23/chase-plans-new-round-of-layoffs-440.html

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Ohio sure seems to be bleeding jobs the past few months.

[Sunlei]

1. ut oh looks like Chase preps for something. watch for incoming fee changes.

"The cuts will be primarily at Chase’s McCoy Center at Polaris, where about 10,000 employees work"

wonder what job those 10,000 people did?

[Mosby]

3. mortgage services

not as many foreclosures now so they need to cut back on labor.

I think they also have a call center there.

[Fuddnik]

5. There's going to be a tidal wave of foreclosures if flood insurance goes up as planned.

[They_Live]

2. When I said "cut to the chase"

I didn't mean to cut jobs!!!



Sorry.

[blkmusclmachine]

4. So, how much of a bonus is the CFO getting???