This ad will auto close in 10 seconds

JPMorgan plans cut 3,000 more jobs this year

JPMorgan will also eliminate more jobs in its mortgage unit, reducing up to 7,000 positions in that part of the bank, compared with an earlier target of 6,000.

JPMorgan to cut up to 17,000 jobs by end of next year

Many banks are looking to automate more of their businesses to make their staff more productive and improve profits.