JPMorgan Chase has set out plans to cut around 8000 jobs this year as it shrinks branches and pushes self-service and the use of digital channels.
Now can I say "I told you so..."?
I don't mean to make light of this for anyone who loses their job as a result of all this, but most of my best friends are now ex-bankers. Or "recovering bankers", as I like to refer to myself... Here come a lot more. Welcome to the club.
Cutting 8000 jobs, but not reducing the number of branches...this leaves me thinking that it's only a matter of time before it will happen.
Now, Brett what do you say about using those outlets for other, more creative uses? :)
© Finextra Research 2014