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JPMorgan may axe 19,000 jobs by 2015
Following reports earlier than JPMorgan plans to cut 4,000 jobs by the end of the year, Bloomberg now reports that more job losses may be planned:
FLASH: JPMorgan says mortgage unit, community bank may lose 19,000 jobs by end of next year
— Bloomberg News (@BloombergNews) February 26, 2013
That number would represent over 7% of the firm's current workforce. The bank has announced plans to reduce expenses by $1 billion in 2013.