I found exactly three articles about the layoffs. All the tech cuts are getting all the media attention and in the meantime, other companies and banks like ours are sneaking in major cuts with barely anybody even noticing. Not that it would make any difference, but it still stings how unimportant we seem right now in every possible way.
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Wealth mgmt is the way to go lots of fees to earn. The return on a mortage for 30 years on average after servicing is not worth it.
JD hates mortgages. No longevity which he has a point. Stock holders paid out too much money in 2020 and 2021 with those rates. They’re making up the money they lost. Higher rates and ego will do it. I feel bad for people who ended up staying
CIB was hit too but not one mention of that.
US. Jaime Diamond doesn’t like Mortgages. He’s all about Wealth Management and Business Banking, both offer nothing compare to our competitors. Chase offers the name and that’s it. Nothing competitive in all forms of banking
Yeah, but are they hiring is 500 bankers in the US, or manila?
It's the liberal media! Chase is a woke company. Let's suppress that we just laid off about 500 people. But put out a press release that we are hiring 500 people to make ourselves look great. And before that lets make sure we share all over LinkedIn how many people we have promoted also.
Maybe the required skill set is different?
Because JPMORGAN announced the same day they are hiring 500 new business bankers, so you are irrelevant.