JPMorgan Chase To Eliminate Eight-Thousand Jobs

JPMorgan Chase To Eliminate Eight-Thousand Jobs
(Undated) -- JPMorgan Chase is going to eliminate another eight-thousand jobs. The move comes in response to a slowing demand for refinancing. The jobs will be lost in the bank's consumer and mortgage banking units. JPMorgan Chase has been slashing jobs for over a year. Since the beginning of 2013, the company has totaled more than 24-thousand staff cuts.