Report: J.P. Morgan to Lay Off More than 5,000 Employees by 2016

J.P. Morgan Chase is expected to lay off more than 5,000 employees by 2016, the Wall Street Journal reported on Thursday. This layoff will eliminate at least two percent of the company’s employees. They are said to affect those in the corporate and investment banking units, consumer and community banking, asset management and commercial banking. Theā€¦