JPMorgan Chase Plans Hiring Freeze

JPMorgan Chase (NYSE: JPM) has ordered a large-scale hiring freeze across various departments of the company in the midst of the coronavirus pandemic, Bloomberg reports.

The freeze will happen in several departments, including the consumer division, corporate and investment banking, and asset management.

The bank, according to Bloomberg, will have managers in those divisions pull job listings that don't need to be filled right away. JPMorgan will also delay bringing in new recruits until later in April, although the bank plans to continue paying those recruits in the meantime.

Source Fool.com