
JPMorgan Chase & Co. Lays Off 1,000 Former First Republic Bank Employees Following Takeover
After taking over the bank’s failing company, JPMorgan Chase & Co. fired around 1,000 former First Republic Bank employees on Thursday. 85% of the roughly 7,200 workers of the old First Republic, according to the bank, have been offered full-time or temporary jobs with JPMorgan.