The layoffs are believed to have been at analyst, associate and vice president levels.
Investment banks continue to downsize in the region, with the top names thought to have cut staff by about 1,000 in the last twelve months or so.
JP Morgan, who reported a 70% profit fall in 2001, has declined to comment on the layoffs.
JP Morgan Cuts Workforce
Reuters reports that JP Morgan Chase has let go up to 100 investment bankers in Asia since January. This represents about 25% of its investment banking workforce in the region.
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