jpmorgan chase  co jpm reportedly plans a new round of job cuts in asia in a new round of downsizing jpmorgan cut around 20 investment banking jobs in asia reported reuters citing a source jpmorgan chase joins its global peers in reducing headcount as dealmaking slows added the report also read aftermath of first republic bank takeover jpmorgan chase turns down 1k employees jpmorgan told the impacted bankers on tuesday the majority of whom are at junior levels ranging from analysts to executive directors stated the report the layoffs are jpmorgans second wave in asia this year in the first quarter the report mentioned that the bank slashed 20 investment banking roles largely midlevel bankers working on china deals price action jpm shares are trading higher by 016 at 14276 premarket on wednesday