JP Morgan Chase and Company laid off 300 employees at their Florence Division Monday afternoon.
The company's media relations official, Amy Bonitatibus, released the following statement to NewsChannel 15 about the layoffs :
"Fewer homeowners are falling behind on their mortgages, so we need fewer employees to assist those who were struggling. We will work with affected employees to find openings at Chase or other local companies."
Bonitatibus says the company continues to employ more than 1,000 workers in Florence who will continue serving its customers.
JP Morgan still remains one of the largest employers in Florence County.
In October, the company laid off 30 people.
The company said it decided to eliminiate the positions after evaluating current business needs.
JP Morgan Chase opened a mortgage division in Florence after it bought out Washington Mutual nearly five years ago.
NewsChannel 15 has been getting several calls from employees and their families about the layoffs.
They say the loss of 300 jobs comes at a bad time when families are just starting to get settled with their savings for the new year.
They're hoping to get other jobs as soon as they can .