JPMorgan Leads Job Cuts as Banks Seek to Bolster Profit

... the biggest expenses after interest costs. The most vulnerable people work in units where demand is waning such as mortgage foreclosures . Their departures would come on top of 320,000 jobs culled from U.S. financial companies in the past five ...

http://www.bloomberg.com/news/2013-04-09/jpmorgan-leads-job-cuts-as-banks-seek-to-bolster-profit.html