JP Morgan Chase is set to slash 350 jobs in its mortgage banking unit in Rochester.
Go deeper with GlobalData
The bank said that the move comes due to a reduction in mortgage modification work with people in danger of losing their homes, and mortgage refinancing in general.
The lender said that the affected employees may apply for other jobs throughout its system.
The jobs are expected to be eliminated by the middle or end of this year.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
