JPMorgan is cutting about 500 jobs

JPMorgan is cutting about 500 jobs
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People are reflected into a J.P.Morgan Chase & Co window on April 14 in New York City. JPMorgan is letting go of about 500 employees across the bank.

 Leonardo Munoz/VIEWpress/Corbis News/Getty Images

(CNN) — JPMorgan Chase is letting go of about 500 employees this week across the bank, a spokesperson confirmed to CNN on Friday.

The layoffs, first reported by CNBC, are taking place company-wide but will focus mostly on technology and operations, JPMorgan said.

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