JPMorgan to cut up to 140 jobs in Switzerland

Pedro Gonçalves
JPMorgan to cut up to 140 jobs in Switzerland

JPMorgan plans to axe as many as 140 positions at its private bank in Switzerland as it moves teams to cheaper locations to cut costs. The cuts would mainly affect the Geneva offices, but some positions in Zurich could also be affected, a report by the Swiss financial news website Finews said. The bank notified employees this week that it will be moving jobs in operations, technology and other support functions to locations including Scotland, the Philippines and India. "Switzerland rem...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?