TAMPA, FL-JPMorgan Chase plans to close several business units whose mission is to provide assistance to distressed homeowners by this fall. The job cuts will be divided between two locations near Tampa International Airport.
The New York City-based financial services firm disclosed in a filing with the state of Florida that it plans to eliminate 208 mortgage positions in the Tampa area by Oct. 11, according to the Associated Press. The layoffs are in addition to the 435 positions it reported back in June it was cutting in Florida.
"This is part of the ongoing work to adjust to market dynamics," Maribel Ferrer, a Chase spokeswoman, said. "Fewer homeowners are struggling with their mortgages, and many people have already refinanced, taking advantage of the stronger economy and historically low rates. It's a good thing for the economy that we don't need people in those positions," but "hopefully we can reassign some of them internally."
The latest cuts will be split between Chase locations at 4919 Memorial Highway and 4915 Independence Parkway. See story in the Tampa Bay Times.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
