JP Morgan Institutes Hiring Freeze in Most Areas

JP Morgan has frozen hiring across most of the bank; managers have been asked to review job postings and remove ones for roles that don’t need to be filled immediately; the bank has also delayed bringing in new employees into the bank until April 20 but is paying new hires from their original start dates; at the same time the bank is seeing growth in some segments of their business, namely home lending; the bank has also recently temporarily closed 1,000 of their bank branches and shortened operating hours at others. Bloomberg

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