JPMorgan Chase Lays off More Employees

Usually the quickest solution to staying in the black is through the form of headcount reduction. In other words, let's try to be more “efficient” with fewer resources. This story continues to play out among the major universal banks as

reported that

has cut 6,000 employees, which exceeded forecasts of a 5,000 employee reduction for the first half of 2014.

Over the past five years JPMorgan Chase has had fluctuating profitability. Assuming headcount reductions have the intended impact, the net profit margin should improve in future quarters. Investors/speculators were largely unimpressed by the news as management has already communicated in the past that it wants to generate further cost efficiencies in its operations. JPMorgan Chase is currently down by .79 percent on Tuesday's trading session.