As per Jamie Dimon, JP Morgan would look for options like retraining staff, redeploying workers or offering early retirement instead of making large layoffs...
LinkedIn will also reportedly scale back investments in areas including marketing campaigns, vendor spend, customer events, and underutilised office space...
The Finance & Operations division is believed to be a costly unit for the company, but by employing AI, hiring fresh graduates, and outsourcing, IBM hopes to cut costs...