J.P. Morgan Expected To Cut Its Work Force

Tue., Nov. 10, 1998

From Staff

J.P. Morgan & Co., the nation’s fourth-largest banking company, reportedly plans to reduce its staff by nearly 5 percent through layoffs and attrition by the end of the year.

A cutback would represent the financial community’s latest effort to slash spending in the wake of this year’s global markets slowdown.

The Wall Street Journal reported that J.P. Morgan was expected to cut about 740 jobs.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

J.P. Morgan Expected To Cut Its Work Force

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Proposed Hormuz deal would give Iran control of inbound traffic, sources say

Multiple dead in shooting at North Carolina home, officials say

As Social Security benefit cuts loom, Congress wades into the crisis