It should be noted that JPMC has been reducing headcount every quarter since 2012, with an active initiative to further reduce the headcount of the tellers and

It should be noted that JPMC has been reducing headcount every quarter since 2012, with an active initiative to further reduce the headcount of the tellers and divisions with technology. Make no mistake JPMC's total compensation paid taking into consideration the reduction in the number of employees will be lower after the "raise" for those who remain. http://www.wsj.com/articles/j-p-morgan-expected-to-lay-off-more-than-5-000-by-next-year-1432834029 http://www.wsj.com/articles/j-p-morgan-expected-to-lay-off-m...