JPMorgan to cut 100 jobs in region
From Times Wire Services
JPMorgan Chase & Co. plans to cut about 100 sub-prime mortgage jobs in Southern California amid falling U.S. housing prices and tighter lending standards.
JPMorgan disclosed the cuts in a recent filing with the California Employment Development Department. The cuts, effective Dec. 15, will take place at JPMorgan’s sub-prime retail operations center in Ontario.
