JPMorgan Lays Off Home Lending Employees As Housing Market Cools

Topline JPMorgan Chase—the nation’s largest bank—laid off hundreds of home lending employees Wednesday, Bloomberg reported, as rising mortgage rates and increased inflation continue to cool a once-hot housing market. Key Facts A JPMorgan spokesperson confirmed the layoffs in a statement to Forbes , saying its “staffing decision this week was a result of cyclical changes…

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