JP Morgan Is Laying Off 4,000 Employees

JPMorgan Chase is holding its investor day in Manhattan today.

The bank's CEO Jamie Dimon is slated to speak and open up for Q&A this early afternoon.

In the Firm Overview JPMorgan released, the bank said it expects to have expense reduction of $1 billion and about 4,000 in job cuts.

Check it out:

(Hat Tip: CNBC)