One of Downtown Indianapolis' largest employers let about 100 workers know they'll be out of a job by May.
JPMorgan Chase says it is cutting staff in the company's home-equity lending division at Chase Tower.
The affected employees were given 60 days' notice on Wednesday, spokeswoman Nancy Norris said today. Those employees provide loan-officer support, account maintenance and document-handling services. Another 350 home-equity workers that work for chase are being let go, primarily in Rochester, N.Y.
"The reason is the mortgage slowdown," Norris said by phone.
Friday, March 28, 2008
Chase to cut 100 jobs in Downtown Indy
JPMorgan Chase will cut 100 jobs in Downtown Indianapolis in May: