JPMorgan Chase reduce about 500 technology and functions positions this 7 days, sources say

Essential Points

JPMorgan Chase slice about 500 positions this week, primarily amongst technological innovation and functions groups, in accordance to people today with know-how of the move.
The cuts have been spread across the New York-centered firm’s main divisions, explained the folks, who declined to be identified talking about personnel issues.
The dismissals come even as JPMorgan seeks to fill about 13,000 open positions, reported just one of the men and women.

Supply

Finance

Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more

October 18, 2024

Check out the companies making headlines in midday trading: Netflix — Shares jumped 10% due to the streamer’s third-quarter results beating Wall Street’s expectations. Netflix earned $5.40 per share on revenue of $9.83 billion, above the $5.12 per share and $9.77 billion in revenue that analysts were expecting, according to LSEG. Analysts lauded the results, […]

Finance

Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more

October 18, 2024

Check out the companies making headlines before the bell. Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93 […]

Finance

Stocks making the biggest moves after hours: Netflix, Intuitive Surgical, WD-40 and more

October 17, 2024

Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. The company also said its ad-tier memberships jumped 35% quarter over […]