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In 2015,JP Morgan Chase announced that it was laying off 5,000 employees.The laid-off employees who were not able to find jobs at another bank due to a permanent decline in demand in the banking industry would be considered
Federal Taxes
Taxes imposed by the government on income, property, sales, and other activities, used to fund public services and operations.
Employees' Wages
The compensation paid to employees for their labor or services, typically calculated on an hourly or salary basis.
Liability
Financial obligations or debts that a company owes to outside parties.
Taxing Agency
A government body responsible for administering and collecting taxes from individuals and businesses.
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