JPMorgan lays off 15% of First Republic employees, or about 1,000 workers

JPMorgan lays off 15% of First Republic employees, or about 1,000 workers

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A man rides a bicycle past the First Republic Bank branch in Santa Monica, California on March 20, 2023. PATRICK T. FALLON/AFP via Getty Images JPMorgan is laying off roughly 1,000 employees of First Republic Bank, which it acquired on May 1. About 85% of First Republic's roughly 7,000 employees…

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