JPMorgan Chase & Co has lower lots of of mortgage staff, a supply accustomed to the matter instructed Reuters on Wednesday, hours after the corporate introduced plans to rent some bankers.

“We repeatedly evaluation our enterprise and buyer wants and regulate our staffing accordingly – creating new roles the place we see the necessity or lowering positions when acceptable,” a Chase spokesperson instructed Reuters.

Earlier within the day, JPM mentioned it plans to rent greater than 500 bankers catering to small companies by means of 2024, boosting the financial institution’s workforce focusing on the phase by 20% from greater than 2,300 now.

In an interview with Reuters, JP Morgan CEO Jamie Dimon mentioned the outlook for hiring stays up on the financial institution when requested about plans for jobs given cuts at different Wall Avenue banks.

“We’re nonetheless opening branches, and generally around the globe, we’re nonetheless hiring bankers, client bankers, small-business bankers, middle-market bankers, of us abroad. … We’ve got extra shoppers to cowl,” he mentioned.