JPMorgan laid off 1,000 First Republic Bank employees three weeks after buying out the collapsed firm.Terminated bank employees were notified on Thursday during a four-minute scripted phone call that they were being laid off with a severance package that included additional pay and benefits for 60 days, a source told Reuters. The other 85 percent of the remaining 7,000 of First Republic Bank employees were offered temporary full-time and transitional roles for up to 12 months.
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